Frank Rimerman Advisors LLC Invests $667,000 in Conagra Brands $CAG

Frank Rimerman Advisors LLC bought a new position in shares of Conagra Brands (NYSE:CAG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,607 shares of the company’s stock, valued at approximately $667,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased 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 purchasing an additional 4,191,555 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Conagra Brands by 315.4% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Conagra Brands by 49.5% in the 1st 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 last quarter. Vanguard Group Inc. raised its stake in Conagra Brands by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after acquiring an additional 1,604,893 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Conagra Brands in the first quarter valued at $29,238,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CAG. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a report on Thursday, October 2nd. UBS Group decreased their target price on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Morgan Stanley lifted their price target on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. Evercore ISI reduced their price objective on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. Finally, Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands presently has an average rating of “Reduce” and a consensus price target of $21.92.

Insider Buying and Selling

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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is currently owned by insiders.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $17.42 on Thursday. 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 stock has a fifty day moving average price of $18.16 and a 200 day moving average price of $19.78. Conagra Brands has a 1-year low of $16.60 and a 1-year high of $28.69. The company has a market cap of $8.33 billion, a PE ratio of 9.90, a P/E/G ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company posted $0.53 EPS. Conagra Brands’s revenue was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Sell-side analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, October 30th. 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.