Conagra Brands president and CEO John Brase buys $510,632 in stock By Investing.com
- Investing Investment Opportunities
Peter Lynch- 0
- 3 minutes read
John P. Brase, President and CEO of Conagra Brands Inc. (), acquired 35,000 shares of the company’s common stock on July 17, 2026, for a total value of $510,632.
The shares were purchased at prices ranging from $14.575 to $14.59 per share, with a weighted average price of $14.5895 per share. The timing appears favorable, as the stock has since risen to $15.50, delivering a 7.86% return over the past week. According to InvestingPro analysis, Conagra appears undervalued with a Fair Value of $19.09, suggesting potential upside from current levels. Following this transaction, Mr. Brase directly holds 35,000 shares of Conagra Brands common stock. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission on July 21, 2026. Investors seeking deeper insights can access Conagra’s comprehensive Pro Research Report, available exclusively on InvestingPro alongside analysis of 1,400+ other US equities.
In other recent news, ConAgra Brands reported its fiscal fourth-quarter 2026 earnings, which slightly exceeded Wall Street expectations. The company achieved an adjusted earnings per share of $0.47 on revenue of $2.9 billion, surpassing analyst projections of $0.46 per share on $2.89 billion in revenue. Despite the earnings beat, ConAgra announced an initial fiscal 2027 outlook that fell below market expectations at the midpoint. UBS responded by raising its price target for ConAgra stock to $14.00 from $13.00, while maintaining a Neutral rating. Conversely, RBC Capital lowered its price target to $14 from $16, citing a soft fourth quarter for fiscal year 2026 and weaker underlying trends. ConAgra’s results indicated lower sales, thinner margins, and increased investment, according to the earnings call transcript. These developments reflect mixed analyst sentiments regarding the company’s financial outlook.
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