Conagra Brands (NYSE:CAG) Stock Unloaded Rep. Robert Bresnahan, Jr.

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.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA 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.

Conagra Brands Stock Performance

CAG traded up $0.17 during trading on Thursday, hitting $22.62. The company's stock had a trading volume of 217,080 shares, compared to its average volume of 5,257,927. Conagra Brands, Inc. has a one year low of $22.38 and a one year high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market cap of $10.80 billion, a PE ratio of 22.26, a P/E/G ratio of 1.76 and a beta of 0.18. The business's 50 day simple moving average is $25.24 and its 200-day simple moving average is $26.24.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business's quarterly revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.19%. Conagra Brands's dividend payout ratio is presently 205.88%.

Institutional Trading of Conagra Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Bank Wealth Management purchased a new position in Conagra Brands during the 1st quarter valued at about $26,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock worth $27,000 after buying an additional 452 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Conagra Brands during the first quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Conagra Brands in the 4th quarter worth $28,000. Finally, Golden State Wealth Management LLC lifted its position in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock worth $28,000 after purchasing an additional 741 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAG. The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and cut their price target for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Wells Fargo & Company decreased their target price on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Barclays dropped their price target on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Morgan Stanley started coverage on Conagra Brands in a research report on Monday, March 24th. They set an "equal weight" rating and a $27.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.50.

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.

About Conagra Brands

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.