Ameritas Advisory Services LLC Takes $53,000 Position in Conagra Brands $CAG

Ameritas Advisory Services LLC purchased a new stake in shares of Conagra Brands (NYSE:CAG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,611 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Conagra Brands by 8.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,577 shares of the company’s stock valued at $1,506,000 after buying an additional 5,730 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Conagra Brands by 315.4% during 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 last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Conagra Brands by 2.6% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 351,083 shares of the company’s stock valued at $7,187,000 after buying an additional 8,876 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Conagra Brands by 5.3% during the second quarter. BSW Wealth Partners now owns 13,825 shares of the company’s stock valued at $283,000 after buying an additional 691 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Conagra Brands during the second quarter valued at approximately $245,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.4%

Conagra Brands stock opened at $18.58 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth 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 $30.47. The firm’s 50 day moving average price is $18.96 and its two-hundred day moving average price is $21.29.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous 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 predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm 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 $0.35 dividend. The ex-dividend date is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.5%. Conagra Brands’s payout ratio is 79.55%.

Analyst Upgrades and Downgrades

CAG has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. Evercore ISI dropped their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Wednesday, September 24th. Stifel Nicolaus dropped their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Conagra Brands currently has a consensus rating of “Reduce” and a consensus price target of $21.92.

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.