Concurrent Investment Advisors LLC Has $411,000 Stock Position in Conagra Brands $CAG

Concurrent Investment Advisors LLC reduced its stake in Conagra Brands (NYSE:CAG) by 28.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,076 shares of the company’s stock after selling 7,846 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Conagra Brands were worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Conagra Brands in the first quarter valued at approximately $26,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Conagra Brands in the 1st quarter valued at $27,000. Golden State Wealth Management LLC grew its holdings in Conagra Brands by 235.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after buying an additional 741 shares in the last quarter. Wayfinding Financial LLC bought a new position in Conagra Brands during the 1st quarter worth $34,000. Finally, ST Germain D J Co. Inc. increased its position in Conagra Brands by 130.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $41,000 after buying an additional 1,129 shares during the period. Institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the subject of a number of recent research reports. Evercore ISI reduced their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Wednesday, September 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. Wells Fargo & Company increased their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Finally, UBS Group dropped their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Stock Performance

NYSE CAG opened at $18.57 on Friday. The firm’s 50 day simple moving average is $18.90 and its 200 day simple moving average is $21.04. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.03. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 1 year low of $17.89 and a 1 year high of $30.38.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research 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. Shareholders of record on Thursday, October 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s 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.