Conagra Brands $CAG Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its stake in Conagra Brands (NYSE:CAG) by 8.8% in the second quarter, Holdings Channel reports. The fund owned 12,885 shares of the company’s stock after selling 1,241 shares during the period. Stephens Inc. AR’s holdings in Conagra Brands were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Conagra Brands by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after acquiring an additional 1,604,893 shares during the last quarter. Invesco Ltd. increased its position in shares of Conagra Brands by 6.3% during the 1st quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock worth $316,306,000 after purchasing an additional 698,630 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Conagra Brands by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after purchasing an additional 2,702,407 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Conagra Brands by 233.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after purchasing an additional 4,191,555 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Conagra Brands by 315.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after purchasing an additional 3,128,203 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reissued 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 report on Thursday, October 2nd. JPMorgan Chase & Co. started coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. Finally, UBS Group lowered their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Stock Performance

NYSE CAG opened at $18.29 on Monday. The company has a market cap of $8.75 billion, a P/E ratio of 10.39, a P/E/G 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. The stock has a 50-day moving average of $18.82 and a two-hundred day moving average of $20.75. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $29.91.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.Conagra Brands’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 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.