10,021 Shares in Conagra Brands $CAG Bought by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new position in Conagra Brands (NYSE:CAG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,021 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Conagra Brands by 11.9% during the 1st quarter. Victory Capital Management Inc. now owns 842,094 shares of the company’s stock valued at $22,459,000 after purchasing an additional 89,445 shares during the period. Impact Partnership Wealth LLC purchased a new position in Conagra Brands during the 1st quarter valued at $396,000. OneDigital Investment Advisors LLC increased its position in Conagra Brands by 42.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,821 shares of the company’s stock valued at $289,000 after purchasing an additional 3,207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 purchasing an additional 16,546 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Conagra Brands by 269.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 207,417 shares of the company’s stock valued at $5,532,000 after purchasing an additional 151,209 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAG has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. Evercore ISI reduced their price objective on shares of 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. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Morgan Stanley boosted their target price 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 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 report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Stock Performance

Shares of CAG stock opened at $18.62 on Wednesday. Conagra Brands has a 12 month low of $17.89 and a 12 month high of $29.91. The stock has a market cap of $8.91 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.75 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 company’s fifty day moving average price is $18.87 and its 200-day moving average price is $20.93.

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

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 dividend on an annualized basis and a yield of 7.5%. Conagra Brands’s payout ratio is presently 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.