Conagra Brands $CAG Shares Newly Bought by First Nebraska Trust Co

First Nebraska Trust Co acquired a new position in Conagra Brands (NYSE:CAG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 88,349 shares of the company’s stock, valued at approximately $1,187,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAG. Tema ETFs LLC increased its holdings in Conagra Brands by 9.3% in the 2nd quarter. Tema ETFs LLC now owns 8,546 shares of the company’s stock worth $115,000 after buying an additional 725 shares during the period. Root Financial Partners LLC lifted its stake in 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 during the period. Cooper Financial Group lifted its stake in Conagra Brands by 6.7% during the 3rd quarter. Cooper Financial Group now owns 13,695 shares of the company’s stock valued at $184,000 after acquiring an additional 861 shares during the period. Castle Rock Wealth Management LLC boosted its holdings in shares of Conagra Brands by 3.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 26,128 shares of the company’s stock valued at $374,000 after acquiring an additional 911 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Conagra Brands by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 264,199 shares of the company’s stock valued at $4,153,000 after acquiring an additional 939 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CAG shares. Barclays cut their price objective 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. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conagra Brands in a report on Tuesday, September 22nd. Evercore set a $13.00 price target on Conagra Brands in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. increased their price target on Conagra Brands from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. One equities research 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 MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $14.07.

Conagra Brands Trading Down 2.7%

Shares of NYSE:CAG opened at $14.39 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.39 and a debt-to-equity ratio of 1.08. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $20.32. The business has a 50 day moving average of $14.61 and a two-hundred day moving average of $15.29. The company has a market capitalization of $6.87 billion, a PE ratio of -3.62 and a beta of 0.02.

Conagra Brands (NYSE:CAG) last issued 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. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, analysts forecast that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Announces Dividend

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

About Conagra Brands

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded food products for retail, foodservice and other commercial customers. The company’s portfolio includes frozen meals and side dishes, snacks, refrigerated foods, shelf-stable groceries, condiments and cooking products.

Its brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Hunt’s, Slim Jim, Orville Redenbacher’s, Chef Boyardee, Hebrew National, Vlasic and PAM.