Amundi Boosts Position in Conagra Brands $CAG

Amundi raised its holdings in shares of Conagra Brands (NYSE:CAG) by 2.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,996,497 shares of the company’s stock after acquiring an additional 94,900 shares during the quarter. Amundi’s holdings in Conagra Brands were worth $89,359,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CAG. Norges Bank acquired a new position in shares of Conagra Brands during the 2nd quarter valued at $172,475,000. Ameriprise Financial Inc. lifted its stake in shares of Conagra Brands by 233.7% during the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after purchasing an additional 4,191,555 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Conagra Brands by 315.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after purchasing an additional 3,128,203 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Conagra Brands by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after buying an additional 2,702,407 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Conagra Brands by 156.6% in the second 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. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. started coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price target for the company. 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, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $21.50.

Conagra Brands Price Performance

CAG opened at $17.11 on Tuesday. The company has a 50-day moving average of $17.87 and a 200-day moving average of $19.26. The company has a market capitalization of $8.19 billion, a P/E ratio of 9.72 and a beta of -0.01. Conagra Brands has a 1-year low of $16.60 and a 1-year high of $28.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th were given a $0.35 dividend. The ex-dividend date was Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 8.2%. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Insider Buying and Selling at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the company’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 transaction of $223,659.09. The transaction 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.

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.