South Dakota Investment Council Has $4.54 Million Holdings in Conagra Brands $CAG

South Dakota Investment Council raised its position in Conagra Brands (NYSE:CAG) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,922 shares of the company’s stock after purchasing an additional 27,300 shares during the quarter. South Dakota Investment Council owned 0.05% of Conagra Brands worth $4,539,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in shares of Conagra Brands by 4.2% in the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after purchasing an additional 954 shares during the last quarter. United Services Automobile Association bought a new position in Conagra Brands in the first quarter valued at $225,000. Empowered Funds LLC grew its position in Conagra Brands by 5.9% in the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after purchasing an additional 2,038 shares in the last quarter. Woodline Partners LP increased its stake in Conagra Brands by 40.7% in the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after buying an additional 11,664 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Conagra Brands by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 72,495 shares of the company’s stock worth $1,484,000 after buying an additional 2,714 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. UBS Group restated a “neutral” rating and issued a $20.00 price target on shares of Conagra Brands in a research note on Friday, February 13th. Royal Bank Of Canada dropped their price objective on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, December 22nd. Jefferies Financial Group cut their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Finally, Wells Fargo & Company boosted their target price on shares of Conagra Brands from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. One 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. According to data from MarketBeat, Conagra Brands currently has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands Stock Performance

CAG opened at $18.99 on Wednesday. Conagra Brands has a 12-month low of $15.96 and a 12-month high of $28.51. The business has a 50 day moving average of $18.09 and a 200-day moving average of $18.15. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of -86.32 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, January 27th. Conagra Brands’s dividend payout ratio 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.