Russell Investments Group Ltd. Grows Position in Conagra Brands $CAG

Key Points

• Russell Investments increased its stake in Conagra by 27% to 1,864,183 shares (about 0.39% ownership), worth roughly $34.1 million.
• Conagra beat EPS modestly ($0.45 vs. $0.44) but revenue fell 6.8% YoY to $2.98 billion and the company posted a negative net margin; management set FY2026 guidance of 1.70–1.85 EPS while analysts’ consensus expects 2.35 EPS and an average price target of $19.07 with a "Reduce" rating.
• The company pays a high dividend (quarterly $0.35, annualized $1.40) for a 8.2% yield

Russell Investments Group Ltd. raised its stake in shares of Conagra Brands (NYSE:CAG - Free Report) by 27.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,864,183 shares of the company's stock after purchasing an additional 396,288 shares during the period. Russell Investments Group Ltd. owned 0.39% of Conagra Brands worth $34,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAG. CYBER HORNET ETFs LLC bought a new position in shares of Conagra Brands in the second quarter worth approximately $26,000. MUFG Securities EMEA plc bought a new stake in shares of Conagra Brands during the 2nd quarter valued at $29,000. True Wealth Design LLC lifted its stake in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company's stock valued at $29,000 after buying an additional 1,427 shares in the last quarter. Clearstead Trust LLC lifted its stake in shares of Conagra Brands by 522.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,636 shares of the company's stock valued at $33,000 after buying an additional 1,373 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company's stock worth $32,000 after buying an additional 1,230 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 6.0%

CAG stock opened at $17.00 on Thursday. Conagra Brands has a twelve month low of $15.96 and a twelve month high of $27.68. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of -77.25 and a beta of -0.02. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The firm's fifty day simple moving average is $18.23 and its two-hundred day simple moving average is $18.12.

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

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th were issued a $0.35 dividend. The ex-dividend date was Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.2%. Conagra Brands's dividend payout ratio is presently -636.36%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on Conagra Brands from $18.00 to $16.00 and set a "sell" rating for the company in a research note on Monday, November 24th. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Conagra Brands from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, December 22nd. Wells Fargo & Company upped their target price on shares of Conagra Brands from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 17th. Finally, TD Cowen reissued a "hold" rating on shares of Conagra Brands in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Conagra Brands currently has an average rating of "Reduce" and an average price target of $19.07.

Conagra Brands 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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