Choreo LLC Boosts Position in Conagra Brands $CAG

Choreo LLC raised its holdings in shares of Conagra Brands (NYSE:CAG) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,079 shares of the company’s stock after acquiring an additional 6,518 shares during the period. Choreo LLC’s holdings in Conagra Brands were worth $1,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CAG. Inceptionr LLC purchased a new stake in Conagra Brands in the second quarter valued at $866,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Conagra Brands by 2.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 38,420 shares of the company’s stock valued at $786,000 after buying an additional 828 shares during the period. Elo Mutual Pension Insurance Co boosted its stake in shares of Conagra Brands by 22.8% in the second quarter. Elo Mutual Pension Insurance Co now owns 60,411 shares of the company’s stock worth $1,237,000 after buying an additional 11,207 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Conagra Brands by 23.6% in the second quarter. Advisors Asset Management Inc. now owns 361,741 shares of the company’s stock worth $7,405,000 after buying an additional 69,093 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Conagra Brands by 183.6% during the second quarter. XTX Topco Ltd now owns 31,140 shares of the company’s stock worth $637,000 after acquiring an additional 20,160 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $17.90 on Friday. 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 firm has a fifty day moving average of $17.99 and a 200 day moving average of $19.51. The firm has a market cap of $8.56 billion, a PE ratio of 10.17, a PEG ratio of 1.65 and a beta of 0.03. Conagra Brands has a one year low of $16.60 and a one year high of $28.69.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.42% and a return on equity of 11.72%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.8%. The ex-dividend date was Thursday, October 30th. Conagra Brands’s payout ratio is 79.55%.

Insider Activity at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CAG. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price target for the company. Evercore ISI cut their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Wednesday, September 24th. The Goldman Sachs Group lowered their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a report on Monday, November 24th. Wells Fargo & Company raised their price target on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 2nd. Finally, Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Conagra Brands currently has an average rating of “Reduce” and an average price target of $21.50.

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.