Wedbush Securities Inc. Increases Holdings in Conagra Brands $CAG

Wedbush Securities Inc. raised its stake in Conagra Brands (NYSE:CAG) by 48.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,264 shares of the company’s stock after buying an additional 4,328 shares during the quarter. Wedbush Securities Inc.’s holdings in Conagra Brands were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CAG. Quaker Wealth Management LLC grew its holdings in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after purchasing an additional 2,427 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Conagra Brands during the 1st quarter valued at approximately $27,000. ST Germain D J Co. Inc. lifted its holdings in Conagra Brands by 130.8% in the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after acquiring an additional 1,129 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Conagra Brands in the second quarter worth approximately $41,000. Finally, Summit Securities Group LLC acquired a new stake in Conagra Brands during the first quarter worth $45,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Insider Buying and Selling at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Evercore ISI reduced their price target on 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. Finally, JPMorgan Chase & Co. started coverage on Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Price Performance

Shares of CAG opened at $17.63 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The firm has a 50-day simple moving average of $18.35 and a 200-day simple moving average of $20.02. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. Conagra Brands’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 anticipate that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.9%. Conagra Brands’s dividend payout ratio 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.