Conagra Brands $CAG Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Conagra Brands (NYSE:CAG) by 77.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,605 shares of the company’s stock after selling 195,926 shares during the period. SG Americas Securities LLC’s holdings in Conagra Brands were worth $1,138,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Conagra Brands by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,076 shares of the company’s stock valued at $2,397,000 after buying an additional 7,919 shares during the period. Ignite Planners LLC increased its stake in shares of Conagra Brands by 42.3% during the second quarter. Ignite Planners LLC now owns 30,368 shares of the company’s stock worth $579,000 after acquiring an additional 9,024 shares during the period. Donoghue Forlines LLC raised its holdings in Conagra Brands by 17.3% during the second quarter. Donoghue Forlines LLC now owns 65,861 shares of the company’s stock worth $1,348,000 after purchasing an additional 9,715 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Conagra Brands by 12.5% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 120,221 shares of the company’s stock valued at $2,460,000 after purchasing an additional 13,329 shares during the period. Finally, Intrua Financial LLC boosted its holdings in Conagra Brands by 17.8% in the 2nd quarter. Intrua Financial LLC now owns 17,284 shares of the company’s stock valued at $354,000 after purchasing an additional 2,613 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 2.1%

Shares of CAG stock opened at $17.75 on Friday. The stock has a market cap of $8.49 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.65 and a beta of 0.03. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The business has a fifty day simple moving average of $18.09 and a 200-day simple moving average of $19.72.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s payout ratio is currently 79.55%.

Insider Transactions at Conagra Brands

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Wells Fargo & Company raised their target price on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price target on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a report on Thursday, October 2nd. Finally, UBS Group decreased their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Profile

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.