IFP Advisors Inc Raises Stock Holdings in Conagra Brands $CAG

IFP Advisors Inc lifted its holdings in shares of Conagra Brands (NYSE:CAG) by 16.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,670 shares of the company’s stock after purchasing an additional 22,880 shares during the quarter. IFP Advisors Inc’s holdings in Conagra Brands were worth $3,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CAG. Ameriprise Financial Inc. grew its holdings in shares of Conagra Brands by 233.7% during the first 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Conagra Brands by 315.4% during the second 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Conagra Brands by 49.5% during the first 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 in the last quarter. KBC Group NV grew its holdings in shares of Conagra Brands by 560.1% during the first quarter. KBC Group NV now owns 2,042,766 shares of the company’s stock worth $54,480,000 after purchasing an additional 1,733,297 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Conagra Brands by 2.7% during the first 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 in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $18.58 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. Conagra Brands has a fifty-two week low of $17.89 and a fifty-two week high of $30.47. The stock has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $21.35. The company has a market capitalization of $8.89 billion, a P/E ratio of 10.55, a PEG ratio of 1.76 and a beta of 0.03.

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 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 during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be given a $0.35 dividend. The ex-dividend date is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.5%. Conagra Brands’s payout ratio is presently 79.55%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAG shares. Sanford C. Bernstein set a $21.00 target price on Conagra Brands and gave the stock a “market perform” rating in a research 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 research report on Thursday, October 2nd. UBS Group dropped their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Evercore ISI dropped their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Wednesday, September 24th. Finally, Morgan Stanley boosted their target price on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. One research 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 an average rating of “Reduce” and a consensus price target 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.