Conagra Brands $CAG Shares Purchased by South Dakota Investment Council

South Dakota Investment Council increased its stake in shares of Conagra Brands (NYSE:CAG) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 220,622 shares of the company’s stock after purchasing an additional 5,500 shares during the period. South Dakota Investment Council’s holdings in Conagra Brands were worth $4,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Beacon Investment Advisory Services Inc. raised its position in shares of Conagra Brands by 3.2% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock worth $388,000 after purchasing an additional 450 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Conagra Brands by 33.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock worth $54,000 after purchasing an additional 505 shares during the last quarter. Equitable Trust Co. raised its position in shares of Conagra Brands by 1.8% during the 1st quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock worth $798,000 after purchasing an additional 536 shares during the last quarter. Independent Advisor Alliance raised its position in shares of Conagra Brands by 6.1% during the 1st quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock worth $249,000 after purchasing an additional 539 shares during the last quarter. Finally, Edmp Inc. raised its position in shares of Conagra Brands by 1.1% during the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock worth $996,000 after purchasing an additional 544 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CAG shares. Morgan Stanley upped their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. assumed coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective for the company. Stifel Nicolaus cut their price objective 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. UBS Group cut their price objective 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Performance

Conagra Brands stock opened at $17.29 on Tuesday. The firm has a 50 day simple moving average of $18.62 and a 200-day simple moving average of $20.38. Conagra Brands has a 1-year low of $16.94 and a 1-year high of $29.46. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results 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 net margin of 7.42% and a return on equity of 11.72%. The business 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 company posted $0.53 EPS. The business’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, analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 8.1%. Conagra Brands’s dividend payout ratio is 79.55%.

About Conagra Brands

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.