Ellevest Inc. Makes New $213,000 Investment in Conagra Brands $CAG

Ellevest Inc. acquired a new stake in Conagra Brands (NYSE:CAG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,407 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAG. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Conagra Brands in the first quarter valued at approximately $27,000. Quaker Wealth Management LLC grew its position in Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after buying an additional 2,427 shares in the last quarter. Summit Securities Group LLC bought a new position in Conagra Brands during the 1st quarter worth $45,000. ST Germain D J Co. Inc. increased its position in shares of Conagra Brands by 130.8% in the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $41,000 after purchasing an additional 1,129 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Conagra Brands in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Up 2.5%

NYSE CAG opened at $17.12 on Friday. Conagra Brands has a 52 week low of $16.60 and a 52 week high of $28.69. The business has a 50 day moving average price of $18.46 and a 200-day moving average price of $20.22. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last announced 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 net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the business posted $0.53 EPS. Conagra Brands’s quarterly revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 8.2%. Conagra Brands’s payout ratio is presently 79.55%.

Analyst Upgrades and Downgrades

CAG has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a report on Thursday, October 2nd. 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. UBS Group reduced their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Wells Fargo & Company increased their price target on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, October 2nd. Finally, Stifel Nicolaus reduced their price objective 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. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Conagra Brands has an average rating of “Reduce” and an average target price of $21.92.

Insider Buying and Selling at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

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.