Berkeley Capital Partners LLC Makes New $1.47 Million Investment in Conagra Brands $CAG

Berkeley Capital Partners LLC acquired a new position in Conagra Brands (NYSE:CAG) during the second quarter, HoldingsChannel reports. The fund acquired 71,580 shares of the company’s stock, valued at approximately $1,465,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Conagra Brands by 269.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 207,417 shares of the company’s stock valued at $5,532,000 after acquiring an additional 151,209 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Conagra Brands by 1.9% during the first quarter. State of Alaska Department of Revenue now owns 79,914 shares of the company’s stock valued at $2,131,000 after acquiring an additional 1,500 shares during the period. Nilsine Partners LLC acquired a new position in shares of Conagra Brands during the first quarter valued at $204,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Conagra Brands by 3.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 125,064 shares of the company’s stock valued at $3,335,000 after acquiring an additional 3,715 shares during the period. Finally, Edmp Inc. lifted its stake in shares of Conagra Brands by 510.8% during the first quarter. Edmp Inc. now owns 48,131 shares of the company’s stock valued at $1,284,000 after acquiring an additional 40,251 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAG. Wells Fargo & Company upped their price target on 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 cut their price target on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Wednesday, September 24th. 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 research note on Wednesday, September 24th. UBS Group cut their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Finally, JPMorgan Chase & Co. initiated coverage on Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price target on the stock. 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 stock. Based on data from MarketBeat.com, Conagra Brands has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Trading Down 0.4%

NYSE CAG opened at $18.50 on Tuesday. The stock has a 50-day simple moving average of $18.89 and a 200 day simple moving average of $20.94. The company has a market capitalization of $8.85 billion, a PE ratio of 10.51, a P/E/G 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. Conagra Brands has a 12 month low of $17.89 and a 12 month high of $30.36.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The business 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%.The firm’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio is 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.