D.A. Davidson & CO. Trims Stake in Conagra Brands $CAG

D.A. Davidson & CO. reduced its position in shares of Conagra Brands (NYSE:CAG) by 34.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,450 shares of the company’s stock after selling 64,992 shares during the quarter. D.A. Davidson & CO.’s holdings in Conagra Brands were worth $2,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Conagra Brands by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after purchasing an additional 1,604,893 shares during the period. Invesco Ltd. increased its holdings in Conagra Brands by 6.3% during the 1st quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock worth $316,306,000 after purchasing an additional 698,630 shares during the period. Dimensional Fund Advisors LP increased its holdings in Conagra Brands by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after purchasing an additional 2,702,407 shares during the period. Ameriprise Financial Inc. increased its holdings in Conagra Brands by 233.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after purchasing an additional 4,191,555 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Conagra Brands by 315.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after purchasing an additional 3,128,203 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Down 1.0%

Shares of CAG stock opened at $18.29 on Friday. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $29.91. The stock’s fifty day moving average price is $18.82 and its 200 day moving average price is $20.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.73 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last announced 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 for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’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. On average, research analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 yield of 7.7%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s payout ratio is 79.55%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a report on Thursday, October 2nd. Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the company a “market perform” rating in a report on Friday, July 11th. Stifel Nicolaus cut their price target on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. 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. Finally, Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. 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 stock. According to MarketBeat, Conagra Brands has an average rating of “Reduce” and a consensus target price of $21.92.

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.