Key Points
- Director John Mulligan bought 17,500 shares of Conagra at an average price of $14.31 on April 14 (total ~$250,425), boosting his stake to 20,728 shares — a 542.13% increase, disclosed in an SEC Form 4 filing.
- Conagra announced a quarterly dividend of $0.35 (annualized $1.40), implying a ~9.9% yield with an ex‑dividend/record date of April 30 and payment on June 3, despite a reported negative payout ratio.
- Analysts have trimmed price targets and sentiment is weak (consensus "Reduce", target ~$16.07); the stock trades near its 1‑year low (~$14) after a slight EPS miss and modest revenue decline.
Conagra Brands (NYSE:CAG - Get Free Report) Director John Mulligan purchased 17,500 shares of Conagra Brands stock in a transaction dated Tuesday, April 14th. The shares were purchased at an average cost of $14.31 per share, with a total value of $250,425.00. Following the acquisition, the director owned 20,728 shares of the company's stock, valued at approximately $296,617.68. This trade represents a 542.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Conagra Brands Stock Performance
Shares of CAG opened at $14.09 on Thursday. Conagra Brands has a 1 year low of $14.04 and a 1 year high of $25.77. The company has a market cap of $6.74 billion, a price-to-earnings ratio of -140.84 and a beta of 0.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.30 and a current ratio of 0.90. The firm has a fifty day moving average of $17.23 and a 200-day moving average of $17.52.
Conagra Brands (NYSE:CAG - Get Free Report) last announced its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The firm's revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current year.
Conagra Brands Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.40 annualized dividend and a yield of 9.9%. Conagra Brands's payout ratio is presently -1,400.00%.
Institutional Trading of Conagra Brands
Hedge funds and other institutional investors have recently modified their holdings of the company. WealthPlan Investment Management LLC lifted its position in shares of Conagra Brands by 5.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company's stock worth $189,000 after purchasing an additional 548 shares during the last quarter. Sutton Place Investors LLC lifted its position in shares of Conagra Brands by 1.9% during the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company's stock worth $571,000 after purchasing an additional 585 shares during the last quarter. International Private Wealth Advisors LLC lifted its position in shares of Conagra Brands by 4.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company's stock worth $228,000 after purchasing an additional 609 shares during the last quarter. All Terrain Financial Advisors LLC lifted its position in shares of Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company's stock worth $3,063,000 after purchasing an additional 609 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Conagra Brands by 0.5% during the 3rd quarter. Blair William & Co. IL now owns 136,235 shares of the company's stock worth $2,494,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 83.75% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CAG. Sanford C. Bernstein cut their target price on Conagra Brands from $18.00 to $16.00 and set a "market perform" rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company cut their target price on Conagra Brands from $15.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday, April 2nd. Stifel Nicolaus cut their target price on Conagra Brands from $19.00 to $17.00 and set a "hold" rating on the stock in a research note on Thursday, April 2nd. TD Cowen cut their target price on Conagra Brands from $18.00 to $14.00 and set a "hold" rating on the stock in a research note on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Conagra Brands from $18.00 to $14.00 and set a "hold" rating on the stock in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $16.07.
Read Our Latest Research Report on CAG
Conagra Brands Company Profile
(
Get Free Report)
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.
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