Conagra Brands $CAG Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its position in shares of Conagra Brands (NYSE:CAG) by 4,289.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 553,401 shares of the company’s stock after purchasing an additional 540,794 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Conagra Brands were worth $11,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD National Bancorp IN lifted its position in Conagra Brands by 7.2% in the second quarter. OLD National Bancorp IN now owns 266,121 shares of the company’s stock worth $5,447,000 after purchasing an additional 17,942 shares during the period. Carolina Wealth Advisors LLC grew its holdings in shares of Conagra Brands by 2.1% during the second quarter. Carolina Wealth Advisors LLC now owns 140,254 shares of the company’s stock valued at $2,871,000 after buying an additional 2,932 shares in the last quarter. 111 Capital acquired a new stake in shares of Conagra Brands during the 2nd quarter valued at $200,000. Ameriflex Group Inc. raised its position in Conagra Brands by 20.3% during the second quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock valued at $68,000 after acquiring an additional 561 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Conagra Brands in the second quarter worth about $53,000. 83.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. started coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group cut their target price 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. Bank of America lowered Conagra Brands from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $27.00 to $20.00 in a report on Thursday, June 12th. Finally, Morgan Stanley upped their target price 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. 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 MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $19.12 on Monday. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 1.82 and a beta of 0.03. The stock’s 50-day moving average is $18.97 and its 200 day moving average is $21.54. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $30.47.

Conagra Brands (NYSE:CAG) last released 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. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. Conagra Brands’s 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 anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, October 30th. 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.