Voya Investment Management LLC Trims Stock Holdings in Conagra Brands $CAG

Voya Investment Management LLC decreased its holdings in shares of Conagra Brands (NYSE:CAG) by 63.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,959 shares of the company’s stock after selling 186,879 shares during the quarter. Voya Investment Management LLC’s holdings in Conagra Brands were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CAG. Quaker Wealth Management LLC grew its position in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Conagra Brands during the 2nd quarter valued at about $26,000. MUFG Securities EMEA plc purchased a new position in Conagra Brands during the 2nd quarter valued at about $29,000. Clearstead Trust LLC increased its position in shares of Conagra Brands by 522.1% during the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock valued at $33,000 after buying an additional 1,373 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in shares of Conagra Brands in the second quarter worth about $37,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Monday, December 22nd. JPMorgan Chase & Co. cut their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, December 16th. Sanford C. Bernstein reduced their price target on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Jefferies Financial Group lowered their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Morgan Stanley dropped their price objective on Conagra Brands from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $19.07.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $17.25 on Monday. Conagra Brands has a one year low of $16.60 and a one year high of $28.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of -78.39 and a beta of -0.01. The company’s fifty day moving average price is $17.53 and its 200-day moving average price is $18.75.

Conagra Brands (NYSE:CAG) last announced its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the business earned $0.70 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio is -636.36%.

Insider Buying and Selling at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Conagra Brands 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.