First Nebraska Trust Co Acquires New Holdings in Conagra Brands $CAG

First Nebraska Trust Co acquired a new stake in Conagra Brands (NYSE:CAG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 88,349 shares of the company’s stock, valued at approximately $1,187,000.

Several other large investors have also made changes to their positions in CAG. Salomon & Ludwin LLC purchased a new stake in Conagra Brands in the 3rd quarter worth $67,000. Vise Technologies Inc. lifted its holdings in Conagra Brands by 77.6% during the third quarter. Vise Technologies Inc. now owns 178,120 shares of the company’s stock valued at $2,394,000 after purchasing an additional 77,855 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in Conagra Brands by 9.0% during the third quarter. Cidel Asset Management Inc. now owns 15,854 shares of the company’s stock valued at $213,000 after purchasing an additional 1,312 shares in the last quarter. MGO One Seven LLC grew its position in shares of Conagra Brands by 273.0% in the third quarter. MGO One Seven LLC now owns 63,592 shares of the company’s stock valued at $855,000 after purchasing an additional 46,544 shares during the period. Finally, CFC Planning Co LLC acquired a new stake in shares of Conagra Brands in the third quarter valued at about $140,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CAG shares. UBS Group boosted their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays decreased their price target on shares of Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. Finally, Evercore set a $13.00 price objective on Conagra Brands in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.07.

Conagra Brands Stock Down 2.7%

NYSE CAG opened at $14.39 on Wednesday. The business’s fifty day simple moving average is $14.61 and its 200-day simple moving average is $15.29. The company has a quick ratio of 0.39, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. The firm has a market cap of $6.87 billion, a PE ratio of -3.62 and a beta of 0.02. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32.

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

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 5th will be paid a $0.1750 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. Conagra Brands’s dividend payout ratio is -17.59%.

Conagra Brands Profile

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.