IFP Advisors Inc Raises Stock Holdings in Conagra Brands $CAG

IFP Advisors Inc increased its position in Conagra Brands (NYSE:CAG) by 16.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 158,670 shares of the company’s stock after purchasing an additional 22,880 shares during the period. IFP Advisors Inc’s holdings in Conagra Brands were worth $3,252,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Conagra Brands by 11.9% in the first quarter. Victory Capital Management Inc. now owns 842,094 shares of the company’s stock worth $22,459,000 after acquiring an additional 89,445 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Conagra Brands in the first quarter worth $396,000. OneDigital Investment Advisors LLC grew its stake in shares of Conagra Brands by 42.1% in the first quarter. OneDigital Investment Advisors LLC now owns 10,821 shares of the company’s stock worth $289,000 after acquiring an additional 3,207 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Conagra Brands by 6.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,697 shares of the company’s stock worth $6,926,000 after acquiring an additional 16,546 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Conagra Brands by 269.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 207,417 shares of the company’s stock worth $5,532,000 after acquiring an additional 151,209 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 0.4%

CAG stock opened at $18.58 on Friday. Conagra Brands has a fifty-two week low of $17.89 and a fifty-two week high of $30.47. The business’s 50-day moving average is $18.96 and its two-hundred day moving average is $21.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.03.

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

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be given a $0.35 dividend. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 7.5%. Conagra Brands’s dividend payout ratio is presently 79.55%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CAG shares. Stifel Nicolaus cut their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a report on Thursday, October 2nd. Morgan Stanley upped their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Evercore ISI lowered their price target on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Wednesday, September 24th. Finally, UBS Group lowered their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and a consensus target price of $21.92.

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.