Voya Investment Management LLC Sells 186,879 Shares of Conagra Brands $CAG

Voya Investment Management LLC lessened its holdings in Conagra Brands (NYSE:CAG) by 63.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,959 shares of the company’s stock after selling 186,879 shares during the quarter. Voya Investment Management LLC’s holdings in Conagra Brands were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CAG. Quaker Wealth Management LLC grew its stake in shares of Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after buying an additional 2,427 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Conagra Brands in the 2nd quarter valued at about $26,000. MUFG Securities EMEA plc bought a new position in Conagra Brands during the 2nd quarter worth approximately $29,000. Clearstead Trust LLC grew its position in Conagra Brands by 522.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after acquiring an additional 1,373 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in Conagra Brands in the 2nd quarter worth approximately $37,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 1.0%

Shares of Conagra Brands stock opened at $17.25 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $17.53 and its two-hundred day simple moving average is $18.75. The company has a market cap of $8.25 billion, a P/E ratio of -78.39 and a beta of -0.01. Conagra Brands has a 12-month low of $16.60 and a 12-month high of $28.51.

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

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, January 27th. Conagra Brands’s payout ratio is presently -636.36%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CAG shares. Evercore ISI dropped their price objective on Conagra Brands from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, December 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd. Finally, Morgan Stanley dropped their target price on shares of Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $19.07.

Insider Buying and Selling at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.57% of the company’s stock.

Conagra Brands 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.