Triton Financial Group Inc Acquires Shares of 33,704 Conagra Brands $CAG

Triton Financial Group Inc acquired a new position in Conagra Brands (NYSE:CAG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,704 shares of the company’s stock, valued at approximately $690,000.

Several other hedge funds have also modified their holdings of CAG. Victory Capital Management Inc. raised its holdings in Conagra Brands by 11.9% in the 1st quarter. Victory Capital Management Inc. now owns 842,094 shares of the company’s stock worth $22,459,000 after purchasing an additional 89,445 shares during the period. Impact Partnership Wealth LLC purchased a new stake in shares of Conagra Brands in the first quarter valued at approximately $396,000. OneDigital Investment Advisors LLC raised its stake in shares of Conagra Brands by 42.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,821 shares of the company’s stock worth $289,000 after buying an additional 3,207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Conagra Brands by 6.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,697 shares of the company’s stock valued at $6,926,000 after buying an additional 16,546 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Conagra Brands by 269.0% in the 1st 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. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Stock Performance

NYSE:CAG opened at $18.50 on Tuesday. The company has a market cap of $8.85 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.76 and a beta of 0.03. Conagra Brands has a twelve month low of $17.89 and a twelve month high of $30.36. The company’s 50-day moving average price is $18.89 and its 200-day moving average price is $20.94. 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 (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. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Conagra Brands’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. On average, sell-side analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 7.6%. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CAG. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Evercore ISI decreased their price target on shares of 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 lifted their price objective on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands 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.