Conagra Brands $CAG Stock Holdings Decreased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its position in Conagra Brands (NYSE:CAG) by 76.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,675 shares of the company’s stock after selling 166,596 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Conagra Brands were worth $945,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Conagra Brands by 1.6% in the second quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock worth $1,256,241,000 after purchasing an additional 966,031 shares during the period. State Street Corp lifted its position in shares of Conagra Brands by 2.3% in the 2nd quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after buying an additional 588,435 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Conagra Brands by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company’s stock valued at $262,405,000 after buying an additional 193,829 shares during the period. Invesco Ltd. grew its position in shares of Conagra Brands by 4.7% during the 2nd quarter. Invesco Ltd. now owns 12,414,110 shares of the company’s stock valued at $254,117,000 after buying an additional 554,125 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Conagra Brands by 69.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock valued at $207,685,000 after buying an additional 4,160,542 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Insider Activity at Conagra Brands

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CAG shares. Sanford C. Bernstein cut 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 report on Monday, December 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, December 22nd. Royal Bank Of Canada lowered their price objective on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, December 22nd. Finally, The Goldman Sachs Group dropped their target price on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $18.71.

Conagra Brands Stock Performance

Shares of CAG stock opened at $17.68 on Thursday. Conagra Brands has a 12-month low of $15.96 and a 12-month high of $28.51. 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 firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of -80.34 and a beta of -0.01. The business has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $18.16.

Conagra Brands (NYSE:CAG) last announced its earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, beating 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 the consensus estimate of $3 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The firm’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 anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

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 paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.9%. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

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.