Okabena Investment Services Inc. Acquires 22,493 Shares of Conagra Brands $CAG

Okabena Investment Services Inc. boosted its holdings in Conagra Brands (NYSE:CAG) by 281.2% in the second quarter, HoldingsChannel reports. The firm owned 30,493 shares of the company’s stock after purchasing an additional 22,493 shares during the period. Okabena Investment Services Inc.’s holdings in Conagra Brands were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Independent Advisor Alliance increased its stake in Conagra Brands by 6.1% in the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock valued at $249,000 after purchasing an additional 539 shares in the last quarter. Edmp Inc. increased its position in Conagra Brands by 1.1% in the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after buying an additional 544 shares in the last quarter. Vontobel Holding Ltd. increased its position in Conagra Brands by 1.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after buying an additional 546 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in Conagra Brands by 20.3% in the second quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock worth $68,000 after acquiring an additional 561 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Conagra Brands by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock worth $3,483,000 after acquiring an additional 585 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Up 0.4%

NYSE CAG opened at $17.90 on Monday. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 1.65 and a beta of 0.03. Conagra Brands has a one year low of $16.60 and a one year high of $28.69. 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 business’s fifty day moving average is $17.99 and its 200-day moving average is $19.49.

Conagra Brands (NYSE:CAG) last posted its quarterly 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 analyst estimates of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities research analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CAG. The Goldman Sachs Group lowered their target price on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Wells Fargo & Company raised their price objective 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. Evercore ISI lowered their price objective on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a report on Thursday, October 2nd. Finally, UBS Group cut their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $21.50.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.57% of the stock is currently owned by insiders.

Conagra Brands Company 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.