Commerzbank Aktiengesellschaft FI Increases Stock Position in Conagra Brands $CAG

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Conagra Brands by 98.8% in Q2, now owning 50,890 shares worth approximately $1,042,000.
• Conagra Brands declared a quarterly dividend of $0.35, representing a 7.5% dividend yield, with the payment scheduled for November 26th.
• Analysts have mixed ratings on Conagra Brands, with one Buy, ten Holds, and three Sell ratings, and an average price target of $21.92.

Commerzbank Aktiengesellschaft FI boosted its stake in Conagra Brands (NYSE:CAG - Free Report) by 98.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,890 shares of the company's stock after acquiring an additional 25,297 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Conagra Brands were worth $1,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in Conagra Brands in the first quarter valued at $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Conagra Brands in the first quarter valued at $27,000. Capital Advisors Ltd. LLC increased its stake in Conagra Brands by 82.3% in the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after purchasing an additional 452 shares during the period. Golden State Wealth Management LLC increased its stake in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock valued at $28,000 after purchasing an additional 741 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Conagra Brands in the first quarter valued at $34,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CAG. Zacks Research upgraded shares of Conagra Brands from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 2nd. Stifel Nicolaus dropped their price objective on shares of Conagra Brands from $26.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. UBS Group dropped their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 24th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. Finally, Morgan Stanley boosted their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 24th. One investment 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, Conagra Brands currently has a consensus rating of "Reduce" and an average price target of $21.92.

Conagra Brands Stock Up 0.4%

CAG stock opened at $18.58 on Friday. The company has a market cap of $8.89 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.03. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The company's 50-day moving average price is $18.96 and its 200 day moving average price is $21.35. 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 (NYSE:CAG - Get Free Report) last released 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 firm had revenue of $2.63 billion for 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 firm'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, research 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 declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands's dividend payout ratio is 79.55%.

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.

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