Asset Management One Co. Ltd. Grows Stock Position in Conagra Brands $CAG

Asset Management One Co. Ltd. raised its holdings in Conagra Brands (NYSE:CAG) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 382,807 shares of the company’s stock after buying an additional 4,836 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Conagra Brands worth $7,836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Conagra Brands in the first quarter valued at about $27,000. Golden State Wealth Management LLC increased its holdings in shares of Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 741 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Conagra Brands in the first quarter valued at about $34,000. Summit Securities Group LLC acquired a new position in shares of Conagra Brands in the first quarter valued at about $45,000. Finally, ST Germain D J Co. Inc. increased its holdings in shares of Conagra Brands by 130.8% in the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after purchasing an additional 1,129 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 1.1%

Shares of CAG opened at $18.49 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 12 month low of $17.89 and a 12 month high of $29.91. The stock’s 50 day moving average is $18.81 and its two-hundred day moving average is $20.70. The firm has a market cap of $8.84 billion, a P/E ratio of 10.50, a PEG ratio of 1.73 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS 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 company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the company earned $0.53 earnings per share. 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. Analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, October 2nd. Evercore ISI cut their price objective on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Wednesday, September 24th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a report on Thursday, October 2nd. Stifel Nicolaus cut their price objective on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. started coverage on Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective on the stock. 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’s stock. Based on data from MarketBeat, the company currently 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.