Conagra Brands $CAG Holdings Lifted by First Trust Advisors LP

Key Points

• First Trust Advisors LP increased its stake in Conagra Brands by 15.9% in Q3 to 4,101,554 shares (about $75.1M), joining other large institutional holders (Vanguard, State Street, Dimensional) as part of 83.75% institutional ownership.
• Analysts have a consensus "Reduce" rating with a target price of $19.07 (price targets range roughly $17–$20); the stock trades around $18.67 with a market cap of $8.93B and a negative P/E.
• Conagra slightly beat Q earnings (EPS $0.45 vs. $0.44) while revenue fell 6.8% YoY, set FY2026 guidance of $1.70–$1.85 EPS, and pays a $0.35 quarterly dividend (about a 7.5% yield).

First Trust Advisors LP boosted its holdings in shares of Conagra Brands (NYSE:CAG - Free Report) by 15.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,101,554 shares of the company's stock after buying an additional 563,720 shares during the period. First Trust Advisors LP owned approximately 0.86% of Conagra Brands worth $75,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Conagra Brands by 1.6% during the second quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company's stock worth $1,256,241,000 after purchasing an additional 966,031 shares during the period. State Street Corp lifted its position in Conagra Brands by 2.3% in the 2nd quarter. State Street Corp now owns 26,202,392 shares of the company's stock worth $536,363,000 after buying an additional 588,435 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Conagra Brands by 21.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,674,084 shares of the company's stock worth $268,672,000 after buying an additional 2,618,647 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Conagra Brands by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company's stock valued at $262,405,000 after buying an additional 193,829 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Conagra Brands by 4.7% during the 2nd quarter. Invesco Ltd. now owns 12,414,110 shares of the company's stock valued at $254,117,000 after buying an additional 554,125 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

Analysts Set New Price Targets

CAG has been the topic of a number of research reports. UBS Group reaffirmed a "neutral" rating and issued a $20.00 price target on shares of Conagra Brands in a research note on Friday, February 13th. Evercore reduced their price objective on Conagra Brands from $22.00 to $19.00 in a research report on Friday, January 9th. Bank of America lowered their target price on Conagra Brands from $18.00 to $17.00 and set an "underperform" rating on the stock in a research note on Monday, December 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Conagra Brands in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company raised their price target on Conagra Brands from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $19.07.

Conagra Brands Trading Down 1.9%

Conagra Brands stock opened at $18.67 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of -84.84 and a beta of -0.02. Conagra Brands has a one year low of $15.96 and a one year high of $28.51. The company's fifty day moving average price is $18.22 and its two-hundred day moving average price is $18.14.

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

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, January 27th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.5%. The ex-dividend date was Tuesday, January 27th. Conagra Brands's payout ratio is -636.36%.

Conagra Brands Company 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.

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