Representative Julie Johnson (D-Texas) recently sold shares of Conagra Brands, Inc. NYSE: CAG. In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Conagra Brands stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.
Representative Julie Johnson also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
- Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
- Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
- Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.
Conagra Brands Stock Performance
NYSE:CAG traded up $0.33 during midday trading on Monday, reaching $25.31. 6,372,535 shares of the company traded hands, compared to its average volume of 5,260,751. Conagra Brands, Inc. has a twelve month low of $24.18 and a twelve month high of $33.24. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.70 and a beta of 0.28. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The company has a fifty day moving average price of $26.41 and a 200 day moving average price of $28.67.
Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.
Conagra Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 5.53%. Conagra Brands's dividend payout ratio is currently 137.26%.
Analyst Ratings Changes
Several brokerages have weighed in on CAG. Stifel Nicolaus cut their target price on Conagra Brands from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their target price on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Barclays cut their target price on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Bank of America cut their target price on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.33.
Read Our Latest Research Report on CAG
Institutional Trading of Conagra Brands
A number of hedge funds and other institutional investors have recently modified their holdings of CAG. Vanguard Group Inc. raised its position in shares of Conagra Brands by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company's stock worth $1,631,671,000 after purchasing an additional 1,132,839 shares during the period. State Street Corp raised its position in shares of Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company's stock worth $796,229,000 after purchasing an additional 1,691,945 shares during the period. Nordea Investment Management AB raised its position in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after purchasing an additional 618,096 shares during the period. Geode Capital Management LLC raised its position in shares of Conagra Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,745,629 shares of the company's stock worth $325,096,000 after purchasing an additional 231,477 shares during the period. Finally, Invesco Ltd. raised its position in shares of Conagra Brands by 18.5% during the fourth quarter. Invesco Ltd. now owns 11,161,355 shares of the company's stock worth $309,728,000 after purchasing an additional 1,745,319 shares during the period. Institutional investors own 83.75% of the company's stock.
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.
About Conagra Brands
(
Get 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.
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