Conagra Brands $CAG Shares Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC raised its stake in shares of Conagra Brands (NYSE:CAG) by 40.0% in the second quarter, Holdings Channel.com reports. The fund owned 15,189 shares of the company’s stock after purchasing an additional 4,342 shares during the period. LifeWealth Investments LLC’s holdings in Conagra Brands were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CAG. Vanguard Group Inc. boosted its stake in shares of Conagra Brands by 2.7% in the first quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock valued at $1,610,971,000 after purchasing an additional 1,604,893 shares during the period. Invesco Ltd. boosted its stake in shares of Conagra Brands by 6.3% in the first quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock valued at $316,306,000 after purchasing an additional 698,630 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Conagra Brands by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after purchasing an additional 2,702,407 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Conagra Brands by 233.7% in the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock valued at $159,625,000 after purchasing an additional 4,191,555 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Conagra Brands by 315.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock valued at $84,340,000 after purchasing an additional 3,128,203 shares during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Down 1.6%

Shares of NYSE:CAG opened at $18.49 on Friday. The firm’s 50 day moving average price is $18.83 and its 200 day moving average price is $20.86. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.03. Conagra Brands has a fifty-two week low of $17.89 and a fifty-two week high of $29.91. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities research analysts predict 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. Shareholders of record on Thursday, October 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

CAG has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. Morgan Stanley raised their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the company a “market perform” rating in a research note on Friday, July 11th. Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average 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.