Alps Advisors Inc. Makes New Investment in Conagra Brands $CAG

Alps Advisors Inc. purchased a new position in Conagra Brands (NYSE:CAG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 399,224 shares of the company’s stock, valued at approximately $7,310,000. Alps Advisors Inc. owned about 0.08% of Conagra Brands as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Campbell & CO Investment Adviser LLC acquired a new position in shares of Conagra Brands during the second quarter worth $2,489,000. Wealth Enhancement Advisory Services LLC grew its holdings in Conagra Brands by 45.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after purchasing an additional 106,891 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Conagra Brands during the 2nd quarter worth $10,465,000. Hsbc Holdings PLC lifted its holdings in Conagra Brands by 20.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock worth $25,578,000 after buying an additional 208,450 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in Conagra Brands by 13.7% in the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after buying an additional 86,604 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of analyst reports. Bank of America dropped their target price on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, December 22nd. Wells Fargo & Company cut their target price on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Evercore reduced their target price on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $18.71.

Conagra Brands Stock Performance

CAG stock opened at $19.38 on Monday. The company has a 50-day simple moving average of $17.50 and a 200 day simple moving average of $18.14. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.27 billion, a P/E ratio of -88.09 and a beta of -0.01. Conagra Brands has a fifty-two week low of $15.96 and a fifty-two week high of $28.51.

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

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, January 27th. Conagra Brands’s dividend payout ratio is -636.36%.

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.