Probity Advisors Inc. Buys 8,147 Shares of Conagra Brands $CAG

Probity Advisors Inc. lifted its position in Conagra Brands (NYSE:CAG) by 40.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,513 shares of the company’s stock after purchasing an additional 8,147 shares during the quarter. Probity Advisors Inc.’s holdings in Conagra Brands were worth $584,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CAG. Alpine Bank Wealth Management purchased a new position in shares of Conagra Brands in the first quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Conagra Brands during the first quarter worth about $27,000. Golden State Wealth Management LLC boosted its position in shares of Conagra Brands by 235.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after purchasing an additional 741 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Conagra Brands in the first quarter worth $34,000. Finally, ST Germain D J Co. Inc. lifted 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 worth $41,000 after buying an additional 1,129 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Down 0.4%

NYSE:CAG opened at $18.50 on Tuesday. Conagra Brands has a 52-week low of $17.89 and a 52-week high of $30.36. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a fifty 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 price-to-earnings-growth ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last released its 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. The firm had revenue of $2.63 billion for 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 for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced 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 7.6%. Conagra Brands’s dividend payout ratio is 79.55%.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. initiated coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price target on the stock. Morgan Stanley raised their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the company a “market perform” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company 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.