Ellevest Inc. Purchases New Shares in Conagra Brands $CAG

Ellevest Inc. acquired a new stake in shares of Conagra Brands (NYSE:CAG) during the 2nd quarter, HoldingsChannel reports. The firm acquired 10,407 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. raised its holdings in shares of Conagra Brands by 3.2% in the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock valued at $388,000 after purchasing an additional 450 shares during the last quarter. Equitable Trust Co. lifted its position in shares of Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock valued at $798,000 after purchasing an additional 536 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Conagra Brands by 6.1% during the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock valued at $249,000 after purchasing an additional 539 shares in the last quarter. Edmp Inc. boosted its holdings in Conagra Brands by 1.1% during the second quarter. Edmp Inc. now owns 48,675 shares of the company’s stock worth $996,000 after purchasing an additional 544 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Conagra Brands by 1.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock worth $740,000 after purchasing an additional 546 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Up 2.5%

Shares of CAG stock opened at $17.12 on Friday. The company’s fifty day simple moving average is $18.46 and its two-hundred day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. Conagra Brands has a 1 year low of $16.60 and a 1 year high of $28.69. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.53 earnings per share. The business’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. As a group, analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 annualized dividend and a dividend yield of 8.2%. Conagra Brands’s dividend payout ratio is currently 79.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group decreased their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Stifel Nicolaus decreased their price target on Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the stock a “market perform” rating in a report on Friday, July 11th. JPMorgan Chase & Co. started coverage on Conagra Brands in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Conagra Brands has an average rating of “Reduce” and a consensus price target of $21.92.

Insider Buying and Selling at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

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.