Berkeley Capital Partners LLC Makes New Investment in Conagra Brands $CAG

Berkeley Capital Partners LLC acquired a new stake in shares of Conagra Brands (NYSE:CAG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 71,580 shares of the company’s stock, valued at approximately $1,465,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Beacon Investment Advisory Services Inc. increased its position in shares of Conagra Brands by 3.2% during the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock valued at $388,000 after purchasing an additional 450 shares during the period. Hexagon Capital Partners LLC increased its position in shares of Conagra Brands by 33.6% during the first quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock valued at $54,000 after purchasing an additional 505 shares during the period. Equitable Trust Co. increased its position in shares of Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock valued at $798,000 after purchasing an additional 536 shares during the period. Independent Advisor Alliance increased its position in shares of Conagra Brands by 6.1% during the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock valued at $249,000 after purchasing an additional 539 shares during the period. Finally, Edmp Inc. increased its position in shares of Conagra Brands by 1.1% during the second quarter. Edmp Inc. now owns 48,675 shares of the company’s stock valued at $996,000 after purchasing an additional 544 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Price Performance

Shares of CAG stock opened at $18.50 on Tuesday. The stock’s fifty day simple moving average is $18.89 and its 200 day simple moving average is $20.94. 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 firm has a market cap of $8.85 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.76 and a beta of 0.03. Conagra Brands has a one year low of $17.89 and a one year high of $30.36.

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

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid a $0.35 dividend. 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 7.6%. Conagra Brands’s payout ratio is currently 79.55%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CAG. Royal Bank Of Canada restated 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. Wells Fargo & Company boosted their price target on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Reduce” and an average price target of $21.92.

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.