Conagra Brands $CAG Stock Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. cut its stake in shares of Conagra Brands (NYSE:CAG) by 12.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 447,977 shares of the company’s stock after selling 64,573 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned about 0.09% of Conagra Brands worth $6,021,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CAG. Tema ETFs LLC boosted its stake in shares of Conagra Brands by 9.3% during the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock valued at $115,000 after buying an additional 725 shares during the period. Root Financial Partners LLC grew its holdings in shares of Conagra Brands by 20.9% during the 1st quarter. Root Financial Partners LLC now owns 4,855 shares of the company’s stock valued at $76,000 after acquiring an additional 839 shares in the last quarter. Cooper Financial Group increased its stake in shares of Conagra Brands by 6.7% in the third quarter. Cooper Financial Group now owns 13,695 shares of the company’s stock worth $184,000 after acquiring an additional 861 shares during the last quarter. Castle Rock Wealth Management LLC boosted its position in Conagra Brands by 3.6% during the second quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $374,000 after purchasing an additional 911 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Conagra Brands by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company’s stock valued at $4,153,000 after purchasing an additional 939 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the topic of a number of research reports. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. raised their target price on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Evercore set a $13.00 price target on Conagra Brands in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Conagra Brands from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, September 18th. Finally, UBS Group raised their price objective on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $14.07.

Key Stories Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Zacks Research raised its Q4 2028 EPS forecast to $0.42 from $0.40 and its Q1 2029 estimate to $0.38 from $0.35. These revisions suggest modestly better expectations for Conagra’s future earnings.
• Neutral Sentiment: Zacks maintained a Hold rating on Conagra Brands. Its current full-year consensus EPS estimate remains $1.46, while its broader forecasts call for approximately $1.45 in FY2027, $1.47 in FY2028 and $1.55 in FY2029.
• Neutral Sentiment: The stock has recently traded near the lower portion of its 12-month range, with its 50-day moving average below its 200-day moving average. This indicates continued technical caution despite the latest upward revisions.
• Negative Sentiment: Zacks cut several estimates, including Q2 2027 EPS to $0.34 from $0.39, Q3 2027 to $0.33 from $0.36, Q4 2027 to $0.37 from $0.39, Q2 2028 to $0.35 from $0.40, Q3 2028 to $0.34 from $0.37, FY2028 to $1.47 from $1.50 and FY2029 to $1.55 from $1.61. The reductions imply pressure on the company’s medium- and long-term earnings outlook.
• Negative Sentiment: A recent article flagged Conagra among high-yield dividend stocks whose elevated yields may reflect underlying risks, including potential dividend sustainability concerns. Such warnings could weigh on income-focused investor demand. 5 Dividend Stocks Where Sky-High Yields Could Be Hiding Serious Problems

Conagra Brands Trading Up 2.5%

Shares of NYSE:CAG opened at $14.19 on Friday. The company has a market cap of $6.77 billion, a P/E ratio of -3.56 and a beta of 0.02. The stock’s 50-day moving average is $14.92 and its 200-day moving average is $14.43. Conagra Brands has a 52-week low of $12.53 and a 52-week high of $20.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.39 and a current ratio of 1.10.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Equities research analysts predict that Conagra Brands will post 1.46 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be given a $0.1750 dividend. This represents a $0.70 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, November 5th. Conagra Brands’s payout ratio is currently -17.59%.

Conagra Brands Profile

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.