Inspire Investing LLC Has $1.47 Million Stock Position in Conagra Brands $CAG

Inspire Investing LLC raised its stake in Conagra Brands (NYSE:CAG) by 33.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,938 shares of the company’s stock after buying an additional 17,846 shares during the period. Inspire Investing LLC’s holdings in Conagra Brands were worth $1,473,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAG. Ameriprise Financial Inc. lifted its holdings 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 during the period. Robeco Institutional Asset Management B.V. increased its stake in Conagra Brands by 315.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock valued at $84,340,000 after purchasing an additional 3,128,203 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Conagra Brands by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after purchasing an additional 2,702,407 shares in the last quarter. KBC Group NV increased its stake in Conagra Brands by 560.1% in the first quarter. KBC Group NV now owns 2,042,766 shares of the company’s stock valued at $54,480,000 after purchasing an additional 1,733,297 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Conagra Brands by 2.7% in the first quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock valued at $1,610,971,000 after purchasing an additional 1,604,893 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

CAG has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. Stifel Nicolaus decreased their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. initiated coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 target price for the company. Evercore ISI cut their price target on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Wednesday, September 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Price Performance

CAG stock opened at $18.58 on Friday. 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 52 week low of $17.89 and a 52 week high of $30.47. The firm’s fifty day moving average is $18.96 and its 200 day moving average is $21.32. The firm has a market cap of $8.89 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.77 and a beta of 0.03.

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

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.5%. Conagra Brands’s dividend payout ratio 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.