Varma Mutual Pension Insurance Co Trims Holdings in Conagra Brands $CAG

Varma Mutual Pension Insurance Co decreased its stake in shares of Conagra Brands (NYSE:CAG) by 20.4% during the third quarter, HoldingsChannel.com reports. The firm owned 325,200 shares of the company’s stock after selling 83,100 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Conagra Brands were worth $5,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CAG. DekaBank Deutsche Girozentrale increased its position in shares of Conagra Brands by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock valued at $3,483,000 after buying an additional 585 shares during the period. Sutton Place Investors LLC increased its holdings in Conagra Brands by 1.9% during the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock worth $571,000 after acquiring an additional 585 shares during the period. Horrell Capital Management Inc. increased its holdings in Conagra Brands by 2.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock worth $561,000 after acquiring an additional 597 shares during the period. Excalibur Management Corp lifted its stake in Conagra Brands by 4.3% in the 2nd quarter. Excalibur Management Corp now owns 14,717 shares of the company’s stock worth $301,000 after purchasing an additional 600 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Conagra Brands by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,036 shares of the company’s stock valued at $220,000 after purchasing an additional 661 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. Royal Bank Of Canada lowered their price target on Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. Zacks Research lowered Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. Finally, Stifel Nicolaus cut their price target on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $18.86.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $19.78 on Friday. The stock’s 50-day moving average is $17.74 and its 200 day moving average is $18.17. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of -89.89 and a beta of -0.01. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the business earned $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, January 27th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is presently -636.36%.

About Conagra Brands

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.