Tectonic Advisors LLC Purchases 879 Shares of Conagra Brands $CAG

Tectonic Advisors LLC lifted its position in shares of Conagra Brands (NYSE:CAG) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,413 shares of the company’s stock after buying an additional 879 shares during the quarter. Tectonic Advisors LLC’s holdings in Conagra Brands were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. grew its position in shares of Conagra Brands by 1.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock worth $740,000 after buying an additional 546 shares in the last quarter. Ignite Planners LLC grew its position in shares of Conagra Brands by 42.3% during the 2nd quarter. Ignite Planners LLC now owns 30,372 shares of the company’s stock worth $579,000 after buying an additional 9,028 shares in the last quarter. DMC Group LLC boosted its position in Conagra Brands by 68.4% during the second quarter. DMC Group LLC now owns 45,002 shares of the company’s stock valued at $921,000 after purchasing an additional 18,284 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in Conagra Brands by 1.8% during the second quarter. KLP Kapitalforvaltning AS now owns 200,914 shares of the company’s stock valued at $4,113,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Hardy Reed LLC boosted its position in Conagra Brands by 14.8% during the second quarter. Hardy Reed LLC now owns 13,585 shares of the company’s stock valued at $278,000 after purchasing an additional 1,749 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. Sanford C. Bernstein set a $21.00 price objective on Conagra Brands and gave the company a “market perform” rating in a research report on Friday, July 11th. Evercore ISI dropped their price objective on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 24th. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of “Reduce” and an average price target of $21.92.

Conagra Brands Trading Up 0.4%

Conagra Brands stock opened at $18.58 on Friday. The stock has a 50-day moving average of $18.96 and a two-hundred day moving average of $21.35. 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 has a one year low of $17.89 and a one year high of $30.47. The stock has a market cap of $8.89 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the business posted $0.53 earnings per share. The firm’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. On average, research analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Conagra Brands Company 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.