Dimensional Fund Advisors LP Boosts Stock Holdings in Conagra Brands $CAG

Dimensional Fund Advisors LP raised its stake in Conagra Brands (NYSE:CAG) by 21.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,674,084 shares of the company’s stock after acquiring an additional 2,618,647 shares during the period. Dimensional Fund Advisors LP owned approximately 3.07% of Conagra Brands worth $268,672,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Conagra Brands during the second quarter valued at about $172,475,000. Ameriprise Financial Inc. lifted its position in shares of Conagra Brands by 69.5% in the second quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock worth $207,685,000 after buying an additional 4,160,542 shares in the last quarter. Cullen Capital Management LLC boosted its stake in Conagra Brands by 4,497.6% during the second quarter. Cullen Capital Management LLC now owns 2,740,013 shares of the company’s stock valued at $56,088,000 after buying an additional 2,680,417 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Conagra Brands during the second quarter valued at approximately $35,413,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Conagra Brands by 156.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,238,558 shares of the company’s stock valued at $45,823,000 after buying an additional 1,366,059 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 2.3%

Shares of NYSE CAG opened at $19.03 on Friday. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The business’s 50 day moving average is $18.19 and its two-hundred day moving average is $18.16. The stock has a market capitalization of $9.10 billion, a P/E ratio of -86.50 and a beta of -0.02.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, January 27th were given a $0.35 dividend. The ex-dividend date was Tuesday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 7.4%. Conagra Brands’s dividend payout ratio (DPR) is currently -636.36%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CAG shares. Evercore reduced their price objective on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Wells Fargo & Company increased their target price on Conagra Brands from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 17th. TD Cowen reissued a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada decreased their price target on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.