KLP Kapitalforvaltning AS Has $4.11 Million Stake in Conagra Brands $CAG

KLP Kapitalforvaltning AS increased its stake in shares of Conagra Brands (NYSE:CAG) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,914 shares of the company’s stock after buying an additional 3,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Conagra Brands were worth $4,113,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Beacon Investment Advisory Services Inc. grew its position in Conagra Brands by 3.2% during the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock worth $388,000 after buying an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock worth $27,000 after buying an additional 452 shares in the last quarter. Hexagon Capital Partners LLC grew its position in Conagra Brands by 33.6% during the first quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock worth $54,000 after buying an additional 505 shares in the last quarter. Equitable Trust Co. grew its position in Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock worth $798,000 after buying an additional 536 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in Conagra Brands by 6.1% during the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock worth $249,000 after buying an additional 539 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CAG. Wells Fargo & Company increased their price target 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. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. UBS Group cut their target price 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. 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. Finally, JPMorgan Chase & Co. started coverage on Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Up 0.4%

Shares of CAG opened at $18.58 on Friday. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 1.76 and a beta of 0.03. 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 stock has a fifty day moving average of $18.96 and a 200-day moving average of $21.35.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.Conagra Brands’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, sell-side analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 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.