Russell Investments Group Ltd. Increases Stock Position in Conagra Brands $CAG

Russell Investments Group Ltd. boosted its stake in shares of Conagra Brands (NYSE:CAG) by 27.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,864,183 shares of the company’s stock after buying an additional 396,288 shares during the period. Russell Investments Group Ltd.’s holdings in Conagra Brands were worth $34,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Conagra Brands by 45.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after buying an additional 106,891 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Conagra Brands by 20.0% in the second quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock valued at $25,578,000 after purchasing an additional 208,450 shares during the period. AE Wealth Management LLC grew its position in shares of Conagra Brands by 13.7% in the third quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after purchasing an additional 86,604 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Conagra Brands by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock worth $55,323,000 after acquiring an additional 408,597 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Conagra Brands during the third quarter worth $7,310,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

NYSE CAG opened at $17.00 on Thursday. The company has a fifty day moving average of $18.23 and a two-hundred day moving average of $18.12. The company has a market capitalization of $8.13 billion, a PE ratio of -77.25 and a beta of -0.02. 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 1 year low of $15.96 and a 1 year high of $27.68.

Conagra Brands (NYSE:CAG) last released its quarterly 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 company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, January 27th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.2%. Conagra Brands’s dividend payout ratio (DPR) is currently -636.36%.

Analyst Ratings Changes

Several equities research analysts recently commented on CAG shares. TD Cowen reaffirmed a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. Bank of America reduced their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research note on Monday, December 22nd. UBS Group reissued a “neutral” rating and set a $20.00 target price on shares of Conagra Brands in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating on shares of Conagra Brands in a report on Wednesday, February 18th. 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 issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Conagra Brands has a consensus rating of “Reduce” and a consensus target price of $19.07.

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.