Tred Avon Family Wealth LLC Purchases New Holdings in Conagra Brands $CAG

Tred Avon Family Wealth LLC acquired a new position in Conagra Brands (NYSE:CAG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 35,952 shares of the company’s stock, valued at approximately $658,000.

Several other large investors have also recently bought and sold shares of the company. Donoghue Forlines LLC raised its position in shares of Conagra Brands by 16.7% during the third quarter. Donoghue Forlines LLC now owns 76,844 shares of the company’s stock worth $1,407,000 after acquiring an additional 10,983 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in Conagra Brands in the third quarter valued at about $238,000. Maryland State Retirement & Pension System increased its position in Conagra Brands by 15.3% in the third quarter. Maryland State Retirement & Pension System now owns 25,682 shares of the company’s stock worth $470,000 after purchasing an additional 3,409 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Conagra Brands by 84.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 32,777 shares of the company’s stock worth $600,000 after purchasing an additional 15,049 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Conagra Brands during the 3rd quarter valued at about $339,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI dropped their price target on shares of Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. UBS Group lowered their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. Zacks Research cut shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Cowen restated a “hold” rating on shares of Conagra Brands in a research report on Monday, December 22nd. Finally, Sanford C. Bernstein decreased their price objective on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $18.71.

Conagra Brands Price Performance

Shares of CAG stock opened at $16.96 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Conagra Brands has a 12-month low of $15.96 and a 12-month high of $28.51. The firm has a fifty day moving average of $17.30 and a 200-day moving average of $18.30. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -77.09 and a beta of -0.01.

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

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 8.3%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is -636.36%.

Insider Buying and Selling

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 shares were 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 available at this hyperlink. 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.