Conagra Brands (CAG) To Go Ex-Dividend on July 30th

Conagra Brands (NYSE:CAG) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Thursday, July 30th will be given a dividend of 0.175 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, July 30th.

Conagra Brands has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. Conagra Brands has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Conagra Brands to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 39.5%.

Conagra Brands Stock Up 2.8%

Shares of Conagra Brands stock opened at $14.48 on Friday. The business’s fifty day moving average price is $13.60 and its two-hundred day moving average price is $15.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.30. The company has a market capitalization of $6.93 billion, a P/E ratio of -3.62 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:CAG) last released its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, research analysts forecast that Conagra Brands will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Conagra Brands

A number of institutional investors and hedge funds have recently bought and sold shares of CAG. Norges Bank bought a new stake in shares of Conagra Brands in the 4th quarter worth approximately $145,656,000. Two Sigma Investments LP boosted its holdings in Conagra Brands by 239.6% during the third quarter. Two Sigma Investments LP now owns 8,347,163 shares of the company’s stock worth $152,837,000 after buying an additional 5,889,542 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Conagra Brands by 245.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,734,061 shares of the company’s stock worth $141,611,000 after buying an additional 5,495,503 shares during the last quarter. AQR Capital Management LLC grew its position in Conagra Brands by 216.2% in the third quarter. AQR Capital Management LLC now owns 7,459,654 shares of the company’s stock worth $135,318,000 after buying an additional 5,100,424 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Conagra Brands by 241.9% in the third quarter. Qube Research & Technologies Ltd now owns 5,915,490 shares of the company’s stock valued at $108,313,000 after buying an additional 4,185,486 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

About Conagra Brands

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.