Winnow Wealth LLC Purchases Shares of 55,684 Conagra Brands $CAG

Winnow Wealth LLC acquired a new position in shares of Conagra Brands (NYSE:CAG) in the 3rd quarter, Holdings Channel reports. The fund acquired 55,684 shares of the company’s stock, valued at approximately $1,058,000.

Several other large investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its stake in Conagra Brands by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock worth $628,000 after acquiring an additional 954 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Conagra Brands during the first quarter worth about $225,000. Empowered Funds LLC grew its holdings in shares of Conagra Brands by 5.9% during the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock worth $970,000 after purchasing an additional 2,038 shares during the last quarter. Woodline Partners LP increased its position in shares of Conagra Brands by 40.7% during the first quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock worth $1,075,000 after purchasing an additional 11,664 shares in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Conagra Brands by 8.6% in the 2nd quarter. HB Wealth Management LLC now owns 17,341 shares of the company’s stock valued at $355,000 after purchasing an additional 1,367 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Conagra Brands stock opened at $18.49 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The business has a 50 day simple moving average of $17.35 and a 200-day simple moving average of $18.15. Conagra Brands has a 12 month low of $15.96 and a 12 month high of $28.51. The stock has a market capitalization of $8.85 billion, a PE ratio of -84.06 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the company posted $0.70 EPS. Conagra Brands’s revenue was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 7.6%. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

Insiders Place Their Bets

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Bank of America decreased their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a report on Monday, December 22nd. Sanford C. Bernstein lowered their target price on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $18.71.

Conagra Brands Company Profile

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.