Conagra Brands $CAG Stock Holdings Increased by AlphaQuest LLC

AlphaQuest LLC grew its holdings in shares of Conagra Brands (NYSE:CAG) by 19,749.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,754 shares of the company’s stock after purchasing an additional 58,458 shares during the period. AlphaQuest LLC’s holdings in Conagra Brands were worth $1,203,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CAG. MJT & Associates Financial Advisory Group Inc. acquired a new position in Conagra Brands during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC increased its stake in shares of Conagra Brands by 235.2% during the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after acquiring an additional 741 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Conagra Brands during the first quarter valued at approximately $34,000. ST Germain D J Co. Inc. raised its holdings in Conagra Brands by 130.8% during the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $41,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in Conagra Brands in the second quarter worth approximately $41,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 target price on shares of Conagra Brands in a research note on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research report on Friday. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Wells Fargo & Company increased their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Finally, Evercore ISI decreased their price target on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $21.92.

Conagra Brands Stock Performance

Shares of CAG opened at $18.29 on Friday. The company has a 50-day moving average of $18.82 and a two-hundred day moving average of $20.78. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.73 and a beta of 0.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. Conagra Brands has a one year low of $17.89 and a one year high of $29.91.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts expect 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, November 26th. Stockholders of record on Thursday, October 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Conagra Brands Profile

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.