Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Conagra Brands, Inc. NYSE: CAG. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Conagra Brands stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
- Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
Conagra Brands Price Performance
CAG opened at $23.11 on Friday. The company's 50 day simple moving average is $25.44 and its 200 day simple moving average is $26.38. Conagra Brands, Inc. has a 1 year low of $22.78 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The stock has a market capitalization of $11.03 billion, a PE ratio of 22.66, a P/E/G ratio of 1.76 and a beta of 0.18.
Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Conagra Brands's revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current year.
Conagra Brands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.06%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is 205.88%.
Hedge Funds Weigh In On Conagra Brands
A number of institutional investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management raised its holdings in Conagra Brands by 18.4% during the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after purchasing an additional 62,187 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Conagra Brands by 41.0% in the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock valued at $2,175,000 after purchasing an additional 22,790 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Conagra Brands by 13.2% in the 4th quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock worth $3,756,000 after buying an additional 15,834 shares during the last quarter. Machina Capital S.A.S. bought a new position in Conagra Brands during the fourth quarter valued at $558,000. Finally, Forsta AP Fonden increased its holdings in Conagra Brands by 8.9% in the 4th quarter. Forsta AP Fonden now owns 123,600 shares of the company's stock worth $3,430,000 after acquiring an additional 10,100 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CAG has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley initiated coverage on Conagra Brands in a report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 target price on the stock. The Goldman Sachs Group cut shares of Conagra Brands from a "buy" rating to a "neutral" rating and reduced their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Stifel Nicolaus decreased their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.80.
Check Out Our Latest Stock Report on Conagra Brands
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Conagra Brands Company Profile
(
Get Free Report)
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.
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