Rep. Robert Bresnahan, Jr. Sells Conagra Brands, Inc. (NYSE:CAG) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Conagra Brands, Inc. (NYSE:CAG). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Conagra Brands stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Conagra Brands Trading Up 0.4 %

Shares of NYSE:CAG opened at $26.55 on Friday. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The firm has a fifty day moving average price of $25.63 and a 200 day moving average price of $27.63. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $12.67 billion, a PE ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CAG shares. Citigroup lowered their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Barclays dropped their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Wells Fargo & Company decreased their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. Finally, Morgan Stanley started coverage on Conagra Brands in a research report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.20.

Hedge Funds Weigh In On Conagra Brands

Large investors have recently added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock valued at $11,085,000 after purchasing an additional 62,187 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock valued at $1,196,000 after buying an additional 19,329 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Conagra Brands by 41.0% during the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock valued at $2,175,000 after acquiring an additional 22,790 shares in the last quarter. Nordea Investment Management AB increased its stake in Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after acquiring an additional 618,096 shares during the period. Finally, Sound Income Strategies LLC raised its position in Conagra Brands by 13.2% in the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company’s stock worth $3,756,000 after purchasing an additional 15,834 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Conagra Brands

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.