Simon Quick Advisors LLC Invests $245,000 in Conagra Brands $CAG

Simon Quick Advisors LLC acquired a new position in Conagra Brands (NYSE:CAG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,986 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Conagra Brands by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after buying an additional 1,604,893 shares in the last quarter. Invesco Ltd. grew its stake in shares of Conagra Brands by 6.3% in the 1st quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock worth $316,306,000 after buying an additional 698,630 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Conagra Brands by 49.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after buying an additional 2,702,407 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Conagra Brands by 233.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after buying an additional 4,191,555 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Conagra Brands by 315.4% in 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 buying an additional 3,128,203 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Up 0.6%

Shares of CAG opened at $17.29 on Tuesday. Conagra Brands has a 1-year low of $16.94 and a 1-year high of $29.46. The company has a 50-day moving average of $18.62 and a 200 day moving average of $20.38. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.65 and a beta of 0.03. 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 (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating 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 analyst estimates of $2.62 billion. During the same quarter last year, the business posted $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 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 8.1%. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CAG. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. Sanford C. Bernstein set a $21.00 target price on shares of Conagra Brands and gave the stock a “market perform” rating in a report on Friday, July 11th. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Finally, UBS Group lowered their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $21.92.

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.