Bessemer Group Inc. Has $341,000 Stock Position in Conagra Brands $CAG

Bessemer Group Inc. lowered its position in shares of Conagra Brands (NYSE:CAG) by 21.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,666 shares of the company’s stock after selling 4,555 shares during the quarter. Bessemer Group Inc.’s holdings in Conagra Brands were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CAG. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Conagra Brands during the 1st quarter worth about $27,000. Wayfinding Financial LLC acquired a new stake in shares of Conagra Brands during the 1st quarter worth about $34,000. ST Germain D J Co. Inc. increased its position in shares of Conagra Brands by 130.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $41,000 after purchasing an additional 1,129 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Conagra Brands during the 2nd quarter worth about $41,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Conagra Brands during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 target price on shares of Conagra Brands in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective on the stock. Stifel Nicolaus decreased their price objective 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, Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the stock a “market perform” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Stock Up 0.6%

Shares of NYSE:CAG opened at $17.29 on Tuesday. Conagra Brands has a 12 month low of $16.94 and a 12 month high of $29.46. The company’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $20.38. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $8.27 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.65 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, topping analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced 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. This represents a $1.40 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 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.