Inspire Trust Co. N.A. Buys 52,000 Shares of Conagra Brands $CAG

Inspire Trust Co. N.A. increased its stake in shares of Conagra Brands (NYSE:CAG) by 40.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,000 shares of the company’s stock after purchasing an additional 52,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Conagra Brands were worth $3,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its stake in shares of Conagra Brands by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock worth $3,483,000 after buying an additional 585 shares during the last quarter. Sutton Place Investors LLC boosted its holdings in shares of Conagra Brands by 1.9% during the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock valued at $571,000 after acquiring an additional 585 shares in the last quarter. Horrell Capital Management Inc. grew its position in Conagra Brands by 2.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock worth $561,000 after acquiring an additional 597 shares during the last quarter. Excalibur Management Corp increased its holdings in Conagra Brands by 4.3% in the 2nd quarter. Excalibur Management Corp now owns 14,717 shares of the company’s stock worth $301,000 after purchasing an additional 600 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Conagra Brands by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,036 shares of the company’s stock worth $220,000 after purchasing an additional 661 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of recent research reports. Wall Street Zen raised Conagra Brands from a “sell” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group dropped their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Morgan Stanley reissued an “overweight” rating on shares of Conagra Brands in a report on Wednesday. UBS Group restated a “neutral” rating and issued a $20.00 price target on shares of Conagra Brands in a research report on Friday, February 13th. Finally, The Goldman Sachs Group cut their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $19.07.

Conagra Brands Stock Performance

Shares of CAG stock opened at $18.45 on Friday. The stock has a market capitalization of $8.82 billion, a PE ratio of -83.85 and a beta of -0.01. The business’s 50 day simple moving average is $17.89 and its 200 day simple moving average is $18.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. Conagra Brands has a one year low of $15.96 and a one year high of $28.51.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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 company earned $0.70 EPS. 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. As a group, research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend 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 is -636.36%.

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.