Conagra Brands (NYSE:CAG) Stock Sold Off Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Conagra Brands (NYSE:CAG). In a filing disclosed on July 02nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Conagra Brands stock on June 16th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Roadhouse (NASDAQ:TXRH) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Microchip Technology (NASDAQ:MCHP) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 6/30/2026.

Conagra Brands Price Performance

Shares of Conagra Brands stock traded down $0.01 on Friday, hitting $14.34. 14,562,169 shares of the company were exchanged, compared to its average volume of 23,630,592. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $13.64 and a 200 day moving average price of $15.95. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of -143.34 and a beta of -0.02. Conagra Brands has a 1-year low of $12.53 and a 1-year high of $21.27.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, sell-side analysts predict that Conagra Brands will post 1.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Conagra Brands news, Director John J. Mulligan bought 17,500 shares of Conagra Brands stock in a transaction on Tuesday, April 14th. The shares were bought at an average cost of $14.31 per share, for a total transaction of $250,425.00. Following the acquisition, the director directly owned 20,728 shares in the company, valued at $296,617.68. This represents a 542.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Lenny purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was acquired at an average cost of $14.34 per share, with a total value of $358,500.00. Following the transaction, the director directly owned 229,340 shares in the company, valued at $3,288,735.60. This trade represents a 12.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CAG. Stifel Nicolaus reduced their price target on Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. TD Cowen dropped their price objective on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. BTIG Research initiated coverage on shares of Conagra Brands in a research note on Monday, April 13th. They set a “neutral” rating on the stock. The Goldman Sachs Group decreased their target price on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday, April 2nd. Finally, Weiss Ratings cut shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $14.13.

Hedge Funds Weigh In On Conagra Brands

A number of hedge funds have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Conagra Brands by 24.8% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 661,029 shares of the company’s stock worth $11,442,000 after purchasing an additional 131,287 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Conagra Brands by 23.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,125,901 shares of the company’s stock valued at $140,659,000 after acquiring an additional 1,554,725 shares during the period. Leonteq Securities AG acquired a new position in Conagra Brands in the 4th quarter valued at about $2,415,000. Sound Income Strategies LLC increased its stake in Conagra Brands by 153.4% during the fourth quarter. Sound Income Strategies LLC now owns 406,666 shares of the company’s stock worth $6,897,000 after purchasing an additional 246,178 shares during the period. Finally, AIA Group Ltd lifted its position in shares of Conagra Brands by 238.9% during the third quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock worth $3,771,000 after purchasing an additional 145,191 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.