Winnow Wealth LLC Invests $1.06 Million in Conagra Brands $CAG

Winnow Wealth LLC acquired a new stake in Conagra Brands (NYSE:CAG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 55,684 shares of the company’s stock, valued at approximately $1,058,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CAG. The Goldman Sachs Group dropped their price objective on Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. Stifel Nicolaus dropped their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. TD Cowen reiterated a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd. Royal Bank Of Canada lowered their price objective on shares of 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, Zacks Research downgraded shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $18.71.

Insider Transactions at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by company insiders.

Conagra Brands Stock Up 3.7%

CAG stock opened at $18.49 on Friday. The company’s 50 day moving average price is $17.35 and its 200 day moving average price is $18.15. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of -84.06 and a beta of -0.01. Conagra Brands has a fifty-two week low of $15.96 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89.

Conagra Brands (NYSE:CAG) last posted 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. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue 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 fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be paid a $0.35 dividend. The ex-dividend date 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 (DPR) is currently -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.