Rep. Gilbert Ray Cisneros, Jr. Buys Conagra Brands (NYSE:CAG) Shares

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Conagra Brands (NYSE:CAG). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Conagra Brands stock on May 15th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Conagra Brands Trading Up 1.5%

NYSE CAG traded up $0.19 on Wednesday, hitting $13.33. The company’s stock had a trading volume of 15,149,749 shares, compared to its average volume of 14,554,722. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $22.55. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 0.79. The company’s 50-day simple moving average is $14.13 and its 200 day simple moving average is $16.39. The firm has a market cap of $6.38 billion, a P/E ratio of -133.30 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts predict that Conagra Brands will post 1.7 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th were issued a $0.35 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.40 annualized dividend and a yield of 10.5%. Conagra Brands’s dividend payout ratio (DPR) is -1,400.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Caerus Investment Advisors LLC purchased a new position in shares of Conagra Brands in the 1st quarter valued at approximately $263,000. First Nebraska Trust Co bought a new position in Conagra Brands during the 1st quarter valued at approximately $1,497,000. Summit Financial Wealth Advisors LLC increased its position in Conagra Brands by 6.8% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 43,307 shares of the company’s stock valued at $681,000 after buying an additional 2,758 shares in the last quarter. Summitry LLC increased its position in Conagra Brands by 104.6% during the 1st quarter. Summitry LLC now owns 46,300 shares of the company’s stock valued at $728,000 after buying an additional 23,665 shares in the last quarter. Finally, Essential Partners LLC increased its position in Conagra Brands by 92.8% during the 1st quarter. Essential Partners LLC now owns 3,468 shares of the company’s stock valued at $55,000 after buying an additional 1,669 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Insider Buying and Selling

In related news, Director John J. Mulligan acquired 17,500 shares of Conagra Brands stock in a transaction that occurred on Tuesday, April 14th. The stock was bought at an average price of $14.31 per share, with a total value of $250,425.00. Following the transaction, the director directly owned 20,728 shares in the company, valued at approximately $296,617.68. This represents a 542.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Lenny acquired 25,000 shares of Conagra Brands stock in a transaction that occurred on Tuesday, April 14th. The shares were bought at an average cost of $14.34 per share, with a total value of $358,500.00. Following the transaction, the director owned 229,340 shares in the company, valued at $3,288,735.60. This represents a 12.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAG shares. JPMorgan Chase & Co. dropped their price objective on Conagra Brands from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Stifel Nicolaus lowered their target price on Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Zacks Research cut Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. UBS Group lowered their target price on Conagra Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Finally, TD Cowen lowered their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, Conagra Brands has a consensus rating of “Reduce” and a consensus price target of $14.33.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Conagra Brands Company 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.