Conagra Brands $CAG Shares Newly Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC bought 630,068 Conagra Brands shares during the third quarter, establishing a stake valued at approximately $8.5 million, or 0.13% of the company.
• Conagra exceeded quarterly earnings expectations, reporting EPS of $0.41 versus the $0.28 consensus and revenue of $2.60 billion, though revenue declined 1.4% year over year and net margin remained negative.
• Shares opened at $14.48, while analysts maintained a cautious outlook with an average “Reduce” rating and a consensus price target of $14.07. The company declared a quarterly dividend of $0.175, representing a 4.8% annualized yield.

Counterpoint Mutual Funds LLC purchased a new stake in shares of Conagra Brands (NYSE:CAG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 630,068 shares of the company's stock, valued at approximately $8,468,000. Counterpoint Mutual Funds LLC owned approximately 0.13% of Conagra Brands at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc boosted its stake in shares of Conagra Brands by 156.9% in the first quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company's stock worth $26,000 after buying an additional 1,029 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Conagra Brands by 339.7% in the 2nd quarter. Rakuten Securities Inc. now owns 2,273 shares of the company's stock valued at $31,000 after purchasing an additional 1,756 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Conagra Brands in the first quarter valued at approximately $38,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Conagra Brands during the 2nd quarter worth approximately $41,000. Finally, Continuum Advisory LLC acquired a new stake in Conagra Brands in the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Price Performance

CAG stock opened at $14.48 on Friday. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The firm has a market capitalization of $6.91 billion, a P/E ratio of -3.64 and a beta of 0.02. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.10 and a quick ratio of 0.39. The business's 50-day moving average is $14.90 and its two-hundred day moving average is $14.43.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.13. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. Conagra Brands's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Analysts anticipate that Conagra Brands will post 1.46 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 5th will be given a $0.1750 dividend. The ex-dividend date is Thursday, November 5th. This represents a $0.70 annualized dividend and a yield of 4.8%. Conagra Brands's dividend payout ratio is -17.59%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAG. Evercore set a $13.00 target price on Conagra Brands in a research report on Tuesday, September 29th. UBS Group boosted their target price on Conagra Brands from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Barclays cut their price target on Conagra Brands from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, October 2nd. Weiss Ratings reissued a "sell (d)" rating on shares of Conagra Brands in a research report on Tuesday, September 22nd. Finally, Zacks Research raised shares of Conagra Brands from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $14.07.

About Conagra Brands

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender's, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt's, Chef Boyardee, Orville Redenbacher's, Vlasic, PAM and Angie's BOOMCHICKAPOP.

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