Conagra Brands $CAG Shares Purchased by Ethic Inc.

Ethic Inc. boosted its stake in Conagra Brands (NYSE:CAG) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,642 shares of the company’s stock after buying an additional 4,651 shares during the period. Ethic Inc.’s holdings in Conagra Brands were worth $4,664,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CAG. Alpine Bank Wealth Management acquired a new stake in Conagra Brands in the first quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Conagra Brands in the first quarter worth $27,000. Golden State Wealth Management LLC increased its position in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 741 shares during the period. Wayfinding Financial LLC acquired a new stake in Conagra Brands in the first quarter worth $34,000. Finally, ST Germain D J Co. Inc. increased its position in 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 during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CAG shares. Wells Fargo & Company increased their target price on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 2nd. UBS Group decreased their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Evercore ISI decreased their price target on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. Morgan Stanley increased their price target on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Trading Down 1.6%

Shares of CAG stock opened at $18.49 on Friday. The stock has a 50-day simple moving average of $18.83 and a 200 day simple moving average of $20.86. Conagra Brands has a fifty-two week low of $17.89 and a fifty-two week high of $29.91. The stock has a market capitalization of $8.84 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.78 and a beta of 0.03. 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 announced 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 return on equity of 11.72% and a net margin of 7.42%.The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’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 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. Investors of record on Thursday, October 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.6%. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

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.