Conagra Brands $CAG Stock Sold by 1834 Investment Advisors Co.

Key Points

• 1834 Investment Advisors cut its Conagra Brands stake by 79.1% in the third quarter, selling 218,438 shares and retaining 57,740 shares worth approximately $776,000. Institutional investors collectively own 83.75% of the company.
• Conagra reported quarterly EPS of $0.41, beating estimates of $0.28, while revenue of $2.60 billion was roughly in line with expectations but declined 1.4% year over year.
• The company declared a quarterly dividend of $0.175 per share, equal to a $0.70 annualized payout and a 4.8% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $14.07.

1834 Investment Advisors Co. lessened its stake in Conagra Brands (NYSE:CAG - Free Report) by 79.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,740 shares of the company's stock after selling 218,438 shares during the period. 1834 Investment Advisors Co.'s holdings in Conagra Brands were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Tema ETFs LLC grew its stake in Conagra Brands by 9.3% during the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company's stock worth $115,000 after buying an additional 725 shares during the last quarter. Root Financial Partners LLC increased its position in Conagra Brands by 20.9% during the first quarter. Root Financial Partners LLC now owns 4,855 shares of the company's stock worth $76,000 after buying an additional 839 shares during the period. Cooper Financial Group increased its position in Conagra Brands by 6.7% during the third quarter. Cooper Financial Group now owns 13,695 shares of the company's stock worth $184,000 after buying an additional 861 shares during the period. Castle Rock Wealth Management LLC lifted its stake in Conagra Brands by 3.6% in the second quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company's stock valued at $374,000 after buying an additional 911 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Conagra Brands by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company's stock valued at $4,153,000 after buying an additional 939 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Trading Up 2.1%

NYSE:CAG opened at $14.48 on Friday. The firm has a market cap of $6.91 billion, a P/E ratio of -3.64 and a beta of 0.02. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. The stock's 50 day simple moving average is $14.90 and its 200-day simple moving average is $14.43. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32.

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

Conagra Brands Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $14.00 price target on shares of Conagra Brands in a research report on Thursday, October 1st. Barclays lowered their price objective on shares of Conagra Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Friday, October 2nd. Zacks Research upgraded shares of Conagra Brands from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 1st. Weiss Ratings restated a "sell (d)" rating on shares of Conagra Brands in a research note on Tuesday, September 22nd. Finally, UBS Group upped their target price on shares of Conagra Brands from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $14.07.

Conagra Brands Profile

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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