Concurrent Investment Advisors LLC Sells 7,846 Shares of Conagra Brands $CAG

Concurrent Investment Advisors LLC lessened its stake in shares of Conagra Brands (NYSE:CAG) by 28.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,076 shares of the company’s stock after selling 7,846 shares during the period. Concurrent Investment Advisors LLC’s holdings in Conagra Brands were worth $411,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in Conagra Brands during the 1st quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Conagra Brands in the first quarter valued at about $27,000. Golden State Wealth Management LLC boosted its stake in shares of Conagra Brands by 235.2% during the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 741 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Conagra Brands during the first quarter worth about $34,000. Finally, ST Germain D J Co. Inc. increased its stake in shares of 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 buying an additional 1,129 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAG has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price target on the stock. Stifel Nicolaus decreased their price objective on Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. UBS Group cut their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, 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. One 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 stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Performance

CAG stock opened at $18.57 on Friday. The firm has a market cap of $8.88 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.03. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $18.90 and a 200-day moving average price of $21.04. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $30.38.

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

Conagra Brands Announces Dividend

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. The ex-dividend date is Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. Conagra Brands’s payout ratio is currently 79.55%.

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.