Conagra Brands $CAG Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Conagra Brands (NYSE:CAG) by 12.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 120,221 shares of the company’s stock after purchasing an additional 13,329 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Conagra Brands were worth $2,460,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Intrua Financial LLC boosted its position in shares of Conagra Brands by 17.8% during the 2nd quarter. Intrua Financial LLC now owns 17,284 shares of the company’s stock valued at $354,000 after acquiring an additional 2,613 shares during the last quarter. Clearstead Trust LLC raised its holdings in Conagra Brands by 522.1% in the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock valued at $33,000 after acquiring an additional 1,373 shares in the last quarter. Candriam S.C.A. increased its stake in Conagra Brands by 9.5% in the second quarter. Candriam S.C.A. now owns 109,137 shares of the company’s stock valued at $2,234,000 after purchasing an additional 9,449 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Conagra Brands by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 72,399 shares of the company’s stock valued at $1,482,000 after purchasing an additional 3,089 shares during the last quarter. Finally, Horrell Capital Management Inc. grew its position in shares of Conagra Brands by 2.2% in the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock valued at $561,000 after buying an additional 597 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CAG shares. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Wells Fargo & Company raised 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, October 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a research report on Thursday, October 2nd. Morgan Stanley lifted 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 note on Wednesday, September 24th. 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 for the company. One 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. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Stock Up 0.1%

NYSE:CAG opened at $17.45 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 1.65 and a beta of 0.03. The stock’s fifty day moving average price is $18.28 and its two-hundred day moving average price is $19.89. Conagra Brands has a 52-week low of $16.60 and a 52-week high of $28.69.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 5.8% compared to the same quarter last year. During the same period 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, analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

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 given a $0.35 dividend. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.0%. Conagra Brands’s payout ratio is 79.55%.

Insider Transactions at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.

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.