Bleakley Financial Group LLC Makes New $356,000 Investment in Conagra Brands $CAG

Bleakley Financial Group LLC acquired a new position in shares of Conagra Brands (NYSE:CAG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,389 shares of the company’s stock, valued at approximately $356,000.

A number of other institutional investors have also recently bought and sold shares of the business. LifeWealth Investments LLC boosted its position in Conagra Brands by 40.0% during the 2nd quarter. LifeWealth Investments LLC now owns 15,189 shares of the company’s stock worth $311,000 after acquiring an additional 4,342 shares during the period. Ethic Inc. boosted its position in Conagra Brands by 2.1% during the 2nd quarter. Ethic Inc. now owns 228,642 shares of the company’s stock worth $4,664,000 after acquiring an additional 4,651 shares during the period. Probity Advisors Inc. boosted its position in Conagra Brands by 40.0% during the 2nd quarter. Probity Advisors Inc. now owns 28,513 shares of the company’s stock worth $584,000 after acquiring an additional 8,147 shares during the period. Triton Financial Group Inc acquired a new stake in Conagra Brands during the 2nd quarter worth about $690,000. Finally, Berkeley Capital Partners LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter valued at about $1,465,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAG. Stifel Nicolaus reduced their price target on Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. Morgan Stanley lifted their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Wells Fargo & Company lifted their price target on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a report on Friday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a report on Thursday, October 2nd. One 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.com, the stock has an average rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Down 1.0%

CAG opened at $18.29 on Monday. The business has a 50 day moving average price of $18.82 and a 200 day moving average price of $20.75. Conagra Brands has a twelve month low of $17.89 and a twelve month high of $29.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The firm has a market cap of $8.75 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 1.73 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last posted 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. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.53 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be issued 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 dividend yield of 7.7%. Conagra Brands’s payout ratio is 79.55%.

Conagra Brands Company 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.