Vise Technologies Inc. Acquires 77,855 Shares of Conagra Brands $CAG

Vise Technologies Inc. boosted its holdings in shares of Conagra Brands (NYSE:CAG) by 77.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,120 shares of the company’s stock after acquiring an additional 77,855 shares during the period. Vise Technologies Inc.’s holdings in Conagra Brands were worth $2,394,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CAG. Tema ETFs LLC grew its holdings in Conagra Brands by 9.3% in the second quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after purchasing an additional 725 shares during the period. Cooper Financial Group increased its stake in shares of Conagra Brands by 6.7% during the third quarter. Cooper Financial Group now owns 13,695 shares of the company’s stock valued at $184,000 after purchasing an additional 861 shares in the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of Conagra Brands by 3.6% during the second quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $374,000 after purchasing an additional 911 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Conagra Brands by 0.4% during the first quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company’s stock valued at $4,153,000 after purchasing an additional 939 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Conagra Brands by 9.2% during the first quarter. World Investment Advisors now owns 11,170 shares of the company’s stock valued at $176,000 after purchasing an additional 944 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group boosted their price target on Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $14.00 price objective on shares of Conagra Brands in a research note on Thursday, October 1st. JPMorgan Chase & Co. lifted their price objective on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $14.07.

Conagra Brands Stock Performance

Shares of CAG opened at $15.50 on Friday. The company has a market cap of $7.40 billion, a price-to-earnings ratio of -3.89 and a beta of 0.02. The business’s fifty day simple moving average is $14.57 and its two-hundred day simple moving average is $15.28. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Research analysts anticipate that Conagra Brands will post 1.46 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.1750 per share. The ex-dividend date is Thursday, November 5th. This represents a $0.70 annualized dividend and a yield of 4.5%. Conagra Brands’s dividend payout ratio is currently -17.59%.

About Conagra Brands

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded food products for retail, foodservice and other commercial customers. The company’s portfolio includes frozen meals and side dishes, snacks, refrigerated foods, shelf-stable groceries, condiments and cooking products.

Its brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Hunt’s, Slim Jim, Orville Redenbacher’s, Chef Boyardee, Hebrew National, Vlasic and PAM.