LSV Asset Management Sells 453,314 Shares of Conagra Brands $CAG

by · The Cerbat Gem

LSV Asset Management trimmed its stake in Conagra Brands (NYSE:CAG – Free Report) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,166,077 shares of the company’s stock after selling 453,314 shares during the period. LSV Asset Management owned about 1.29% of Conagra Brands worth $126,220,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Conagra Brands by 30.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 207,972 shares of the company’s stock worth $4,257,000 after purchasing an additional 48,879 shares during the last quarter. Y.D. More Investments Ltd boosted its position in Conagra Brands by 25.0% in the second quarter. Y.D. More Investments Ltd now owns 6,572 shares of the company’s stock valued at $134,000 after buying an additional 1,314 shares in the last quarter. Summitry LLC grew its stake in Conagra Brands by 64.5% during the second quarter. Summitry LLC now owns 15,376 shares of the company’s stock worth $315,000 after buying an additional 6,027 shares during the last quarter. MTM Investment Management LLC bought a new stake in Conagra Brands during the second quarter worth about $46,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Conagra Brands during the second quarter worth approximately $813,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI reduced their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Wednesday, September 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a research note on Thursday, October 2nd. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $21.92.

Get Our Latest Analysis on CAG

Insider Transactions at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by company insiders.

Conagra Brands Stock Down 1.9%

Shares of CAG opened at $17.12 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a 52 week low of $16.60 and a 52 week high of $28.69. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.65 and a beta of 0.03. The stock has a fifty day moving average of $18.24 and a 200-day moving average of $19.84.

Conagra Brands (NYSE:CAG – Get Free Report) last issued its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

About Conagra Brands

(Free Report)

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

Featured Stories

Want to see what other hedge funds are holding CAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conagra Brands (NYSE:CAG – Free Report).