AGF Management Ltd. Boosts Holdings in Conagra Brands $CAG

AGF Management Ltd. lifted its position in shares of Conagra Brands (NYSE:CAG) by 27.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,257 shares of the company’s stock after buying an additional 28,791 shares during the period. AGF Management Ltd.’s holdings in Conagra Brands were worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Quaker Wealth Management LLC increased its stake in Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after acquiring an additional 2,427 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Conagra Brands during the 1st quarter worth $27,000. 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 during 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 purchased a new stake in Conagra Brands in the 1st quarter valued at about $45,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CAG. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of 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 decreased their price target 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. Finally, UBS Group lowered their price target 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. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Conagra Brands currently has an average rating of “Reduce” and a consensus price target of $21.92.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.

Conagra Brands Price Performance

Conagra Brands stock opened at $16.97 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Conagra Brands has a 52-week low of $16.60 and a 52-week high of $28.69. The firm has a market cap of $8.12 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.65 and a beta of 0.03. The company’s 50 day moving average is $18.42 and its two-hundred day moving average is $20.09.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data 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. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, research analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 8.2%. Conagra Brands’s dividend payout ratio (DPR) is currently 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.