Conagra Brands $CAG Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its investment in Conagra Brands by 204.8%, owning over 135,000 shares worth approximately $2.78 million following a significant buy of 91,106 shares in the 2nd quarter.
• Conagra Brands reported earnings of $0.39 per share, exceeding analyst expectations, despite a 5.8% decline in revenue compared to the previous year.
• The company announced a $0.35 quarterly dividend, equating to an annualized yield of 7.7%, paid to shareholders recorded by October 30th.

Blair William & Co. IL lifted its position in Conagra Brands (NYSE:CAG - Free Report) by 204.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,602 shares of the company's stock after acquiring an additional 91,106 shares during the quarter. Blair William & Co. IL's holdings in Conagra Brands were worth $2,776,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Beacon Investment Advisory Services Inc. grew its position in shares of Conagra Brands by 3.2% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company's stock worth $388,000 after acquiring an additional 450 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Conagra Brands by 33.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company's stock worth $54,000 after acquiring an additional 505 shares in the last quarter. Equitable Trust Co. grew its position in shares of Conagra Brands by 1.8% in the 1st quarter. Equitable Trust Co. now owns 29,927 shares of the company's stock worth $798,000 after acquiring an additional 536 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Conagra Brands by 6.1% in the 1st quarter. Independent Advisor Alliance now owns 9,327 shares of the company's stock worth $249,000 after acquiring an additional 539 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Conagra Brands by 1.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company's stock worth $740,000 after acquiring an additional 546 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Stock Down 2.1%

Shares of Conagra Brands stock opened at $18.19 on Tuesday. The business's fifty day moving average price is $18.95 and its two-hundred day moving average price is $21.23. 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 company has a market capitalization of $8.70 billion, a P/E ratio of 10.33, a PEG 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.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 11.72% and a net margin of 7.42%.The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands's payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $22.00 price target on shares of Conagra Brands in a report on Thursday, October 2nd. Stifel Nicolaus lowered their price target 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. Evercore ISI lowered their price target 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. Sanford C. Bernstein set a $21.00 price target on shares of Conagra Brands and gave the stock a "market perform" rating in a research report on Friday, July 11th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Conagra Brands in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average 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.

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