Conagra Brands $CAG Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in Conagra Brands (NYSE:CAG) by 12,492.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,569 shares of the company’s stock after purchasing an additional 76,953 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Conagra Brands were worth $1,096,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CAG. AIA Group Ltd grew its holdings in Conagra Brands by 319.5% during the 1st quarter. AIA Group Ltd now owns 411,099 shares of the company’s stock valued at $6,462,000 after buying an additional 313,106 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Conagra Brands during the second quarter valued at about $1,071,275,000. Corient Private Wealth LP lifted its holdings in shares of Conagra Brands by 655.5% in the second quarter. Corient Private Wealth LP now owns 1,356,285 shares of the company’s stock worth $18,256,000 after buying an additional 1,176,752 shares in the last quarter. Man Group plc lifted its holdings in shares of Conagra Brands by 382.9% in the second quarter. Man Group plc now owns 461,153 shares of the company’s stock worth $6,207,000 after buying an additional 365,651 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Conagra Brands by 233.9% in the first quarter. Bleakley Financial Group LLC now owns 162,249 shares of the company’s stock worth $2,551,000 after buying an additional 113,657 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Evercore set a $13.00 target price on shares of Conagra Brands in a report on Tuesday, September 29th. Barclays lowered their target price on shares of Conagra Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $14.00 price target on shares of Conagra Brands in a report on Thursday, October 1st. Finally, Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Trading Down 2.6%

NYSE CAG opened at $14.80 on Thursday. The stock’s 50-day simple moving average is $14.50 and its two-hundred day simple moving average is $15.23. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of -3.72 and a beta of 0.02. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32. The company has a quick ratio of 0.39, a current ratio of 1.10 and a debt-to-equity ratio of 1.08.

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

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 5th will be issued a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, November 5th. Conagra Brands’s payout ratio is presently -17.59%.

Conagra Brands Company Profile

Conagra Brands is a packaged-food company that develops, manufactures and markets products for retail, foodservice and other customers. Its offerings include frozen meals and vegetables, snacks, baking products, condiments, cooking ingredients and meat snacks. The company’s portfolio includes brands such as Birds Eye, Healthy Choice, Marie Callender’s, Duncan Hines, Slim Jim, Orville Redenbacher’s, Hunt’s, Banquet and Reddi-wip. Its products are sold primarily in the United States, as well as in international markets.