Dimensional Fund Advisors LP Increases Stake in Conagra Brands $CAG

Dimensional Fund Advisors LP raised its position in Conagra Brands (NYSE:CAGFree Report) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,323,789 shares of the company’s stock after acquiring an additional 1,701,624 shares during the period. Dimensional Fund Advisors LP’s holdings in Conagra Brands were worth $303,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the second quarter valued at about $26,000. MUFG Securities EMEA plc acquired a new position in Conagra Brands during the 2nd quarter worth approximately $29,000. Harbour Investments Inc. raised its stake in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after buying an additional 701 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Conagra Brands by 156.9% during the 1st quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock worth $26,000 after buying an additional 1,029 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Conagra Brands in the 3rd quarter valued at approximately $33,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Shares of CAG stock opened at $14.80 on Thursday. The stock has a fifty day moving average price of $13.65 and a 200 day moving average price of $15.64. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.31 and a current ratio of 0.90. The stock has a market cap of $7.09 billion, a PE ratio of -3.70 and a beta of -0.02. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $20.32.

Conagra Brands (NYSE:CAGGet Free Report) last posted its earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. Conagra Brands’s revenue was up 3.6% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Sell-side analysts forecast that Conagra Brands will post 1.45 earnings per share for the current fiscal year.

Conagra Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, July 30th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. Conagra Brands’s payout ratio is presently -35.00%.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. UBS Group raised their target price on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley lowered their price target on shares of Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. BTIG Research started coverage on shares of Conagra Brands in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company reduced their price objective on shares of Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $14.07.

Check Out Our Latest Research Report on Conagra Brands

Conagra Brands Company Profile

(Free Report)

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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