Conagra Brands $CAG Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Conagra Brands (NYSE:CAG) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 508,579 shares of the company’s stock after purchasing an additional 46,839 shares during the quarter. Cerity Partners LLC owned approximately 0.11% of Conagra Brands worth $10,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Conagra Brands by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock worth $1,256,241,000 after purchasing an additional 966,031 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Conagra Brands by 1.5% during the second quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company’s stock valued at $262,405,000 after buying an additional 193,829 shares during the period. Invesco Ltd. boosted its position in Conagra Brands by 4.7% during the second quarter. Invesco Ltd. now owns 12,414,110 shares of the company’s stock worth $254,117,000 after acquiring an additional 554,125 shares during the last quarter. Norges Bank purchased a new stake in Conagra Brands in the 2nd quarter worth approximately $172,475,000. Finally, Dimensional Fund Advisors LP grew its stake in Conagra Brands by 49.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after acquiring an additional 2,702,407 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

CAG stock opened at $17.43 on Thursday. The company has a market cap of $8.34 billion, a PE ratio of 9.91 and a beta of -0.01. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $17.80 and a two-hundred day moving average price of $19.21. Conagra Brands has a 12-month low of $16.60 and a 12-month high of $28.51.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company posted $0.53 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. 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 year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Thursday, October 30th. Conagra Brands’s payout ratio is 79.55%.

Analyst Ratings Changes

CAG has been the topic of several analyst reports. Wells Fargo & Company raised their price objective on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 target price on the stock. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. The Goldman Sachs Group dropped their price objective on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating for the company in a research note on Monday, November 24th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $20.82.

Insider Transactions at Conagra Brands

In other 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 value of $223,659.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

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.