Cwm LLC Buys 6,191 Shares of Conagra Brands $CAG

Cwm LLC increased its stake in shares of Conagra Brands (NYSE:CAG) by 6.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,940 shares of the company’s stock after acquiring an additional 6,191 shares during the period. Cwm LLC’s holdings in Conagra Brands were worth $1,964,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised 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 buying an additional 1,604,893 shares during the period. Invesco Ltd. raised its stake in Conagra Brands by 6.3% in the first quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock valued at $316,306,000 after buying an additional 698,630 shares during the period. Dimensional Fund Advisors LP raised 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 buying an additional 2,702,407 shares during the period. Ameriprise Financial Inc. raised its stake in Conagra Brands by 233.7% in the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock valued at $159,625,000 after buying an additional 4,191,555 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised 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 buying an additional 3,128,203 shares during the period. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $21.00 price objective on Conagra Brands and gave the company a “market perform” rating in a research note on Friday, July 11th. Stifel Nicolaus lowered their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 target price on shares of Conagra Brands in a research note on Thursday, October 2nd. Finally, UBS Group lowered their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One 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. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Trading Up 1.6%

Shares of NYSE:CAG opened at $18.57 on Monday. The company has a market capitalization of $8.88 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.03. Conagra Brands has a 1 year low of $17.89 and a 1 year high of $30.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. The business’s 50 day simple moving average is $18.90 and its 200 day simple moving average is $21.00.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors 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 dividend on an annualized basis and a yield of 7.5%. Conagra Brands’s dividend payout ratio is currently 79.55%.

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.