Rockefeller Capital Management L.P. Reduces Position in Conagra Brands $CAG

Rockefeller Capital Management L.P. decreased its position in shares of Conagra Brands (NYSE:CAG) by 30.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,277 shares of the company’s stock after selling 109,325 shares during the period. Rockefeller Capital Management L.P. owned 0.05% of Conagra Brands worth $5,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of Conagra Brands by 233.7% during the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after acquiring an additional 4,191,555 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Conagra Brands by 315.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after purchasing an additional 3,128,203 shares during the period. Dimensional Fund Advisors LP grew its position in Conagra Brands by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after purchasing an additional 2,702,407 shares during the last quarter. Vanguard Group Inc. grew its position in Conagra Brands by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after purchasing an additional 1,604,893 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Conagra Brands in the first quarter valued at $29,238,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Insider Activity at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.57% of the stock is owned by company insiders.

Conagra Brands Stock Performance

Shares of CAG stock opened at $17.75 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $18.09 and a 200-day simple moving average of $19.72. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.65 and a beta of 0.03. Conagra Brands has a 12-month low of $16.60 and a 12-month high of $28.69.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.Conagra Brands’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 24th. Wells Fargo & Company increased their price objective on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. assumed coverage on Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $21.92.

About Conagra Brands

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.