SteelPeak Wealth LLC Acquires New Stake in Conagra Brands $CAG

SteelPeak Wealth LLC acquired a new position in shares of Conagra Brands (NYSE:CAG) in the first quarter, HoldingsChannel reports. The firm acquired 48,787 shares of the company’s stock, valued at approximately $767,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter worth about $26,000. MUFG Securities EMEA plc acquired a new position in shares of Conagra Brands in the second quarter valued at approximately $29,000. Harbour Investments Inc. raised its position in shares of Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after buying an additional 701 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Conagra Brands by 156.9% during the first quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock valued at $26,000 after buying an additional 1,029 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Conagra Brands during the third quarter valued at approximately $33,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Price Performance

CAG opened at $14.29 on Friday. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32. The company’s 50 day simple moving average is $13.61 and its 200 day simple moving average is $15.71. The stock has a market capitalization of $6.84 billion, a PE ratio of -3.57 and a beta of -0.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.30 and a current ratio of 0.90.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.89 billion. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. Conagra Brands’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, sell-side analysts expect that Conagra Brands will post 1.45 EPS for the current year.

Conagra Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. Conagra Brands’s payout ratio is currently -35.00%.

Analysts Set New Price Targets

Several analysts have commented on CAG shares. BNP Paribas Exane lowered their target price on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Royal Bank Of Canada reduced their price target on Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Thursday. Weiss Ratings cut Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 25th. Zacks Research cut Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Finally, BTIG Research started coverage on Conagra Brands in a research report on Monday, April 13th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, Conagra Brands currently has a consensus rating of “Reduce” and a consensus price target of $14.07.

Conagra Brands News Roundup

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

• Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.