BSW Wealth Partners Increases Stake in Conagra Brands $CAG

BSW Wealth Partners increased its stake in Conagra Brands (NYSE:CAG) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,825 shares of the company’s stock after acquiring an additional 691 shares during the period. BSW Wealth Partners’ holdings in Conagra Brands were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAG. Wealth Enhancement Advisory Services LLC raised its stake in Conagra Brands by 35.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,208 shares of the company’s stock worth $1,560,000 after purchasing an additional 14,809 shares during the period. GAMMA Investing LLC increased its holdings in shares of Conagra Brands by 2,180.4% during the 1st quarter. GAMMA Investing LLC now owns 422,853 shares of the company’s stock worth $11,277,000 after buying an additional 404,310 shares during the last quarter. Rhumbline Advisers raised its position in shares of Conagra Brands by 14.4% in the 1st quarter. Rhumbline Advisers now owns 967,696 shares of the company’s stock worth $25,808,000 after buying an additional 121,882 shares during the period. Czech National Bank raised its position in shares of Conagra Brands by 5.9% in the 1st quarter. Czech National Bank now owns 109,633 shares of the company’s stock worth $2,924,000 after buying an additional 6,150 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Conagra Brands by 65.5% in the first quarter. Merit Financial Group LLC now owns 16,381 shares of the company’s stock valued at $437,000 after acquiring an additional 6,485 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the subject of several research analyst reports. UBS Group dropped their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Evercore ISI reduced their price objective on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Wednesday, September 24th. Wells Fargo & Company increased their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday. Stifel Nicolaus cut their price target on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research note on Thursday. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Performance

Shares of NYSE:CAG opened at $19.16 on Friday. The business’s 50-day simple moving average is $18.97 and its 200 day simple moving average is $21.64. The company has a market cap of $9.17 billion, a P/E ratio of 10.89, a PEG ratio of 1.85 and a beta of 0.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.24 and a current ratio of 1.06. Conagra Brands has a one year low of $17.89 and a one year high of $30.47.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the business earned $0.53 EPS. Conagra Brands’s quarterly revenue was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

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.