VIRGINIA RETIREMENT SYSTEMS ET Al Takes $10.84 Million Position in Conagra Brands $CAG

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Conagra Brands (NYSE:CAG) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 529,742 shares of the company’s stock, valued at approximately $10,844,000.

Several other large investors have also recently bought and sold shares of CAG. Vanguard Group Inc. raised its position in 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 purchasing an additional 1,604,893 shares during the period. Invesco Ltd. increased its position in shares of Conagra Brands by 6.3% during the first quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock valued at $316,306,000 after buying an additional 698,630 shares during the period. Dimensional Fund Advisors LP boosted its stake in Conagra Brands by 49.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after acquiring an additional 2,702,407 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Conagra Brands by 233.7% during the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after acquiring an additional 4,191,555 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Conagra Brands by 315.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after acquiring an additional 3,128,203 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Down 0.4%

CAG opened at $18.50 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $30.36. The company has a market capitalization of $8.85 billion, a PE ratio of 10.51, a PEG ratio of 1.76 and a beta of 0.03. The firm’s 50 day simple moving average is $18.89 and its two-hundred day simple moving average is $20.94.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.62 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s quarterly 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, equities analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.6%. Conagra Brands’s dividend payout ratio is 79.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CAG shares. UBS Group dropped their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Morgan Stanley boosted their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Finally, Stifel Nicolaus reduced their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. One equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $21.92.

About Conagra Brands

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.