Robeco Institutional Asset Management B.V. Raises Stock Holdings in Conagra Brands $CAG

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its holdings in Conagra Brands by 315.4%, owning over 4.1 million shares worth approximately $84.34 million as of the latest SEC filing.
• The company recently declared a quarterly dividend of $0.35 per share, equating to a 7.3% annualized yield, with the dividend payout ratio at 79.55%.
• Conagra Brands reported earnings of $0.39 per share for the last quarter, exceeding analysts’ expectations, but saw a revenue decline of 5.8% year-over-year.

Robeco Institutional Asset Management B.V. raised its position in shares of Conagra Brands (NYSE:CAG - Free Report) by 315.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,120,156 shares of the company's stock after acquiring an additional 3,128,203 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.86% of Conagra Brands worth $84,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Conagra Brands Price Performance

CAG opened at $19.16 on Friday. Conagra Brands has a 12-month low of $17.89 and a 12-month high of $30.47. The company has a current ratio of 1.06, a quick ratio of 0.24 and a debt-to-equity ratio of 0.81. The business's fifty day simple moving average is $18.97 and its 200-day simple moving average is $21.64. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.85 and a beta of 0.04.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business'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. On average, equities research analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.3%. Conagra Brands's dividend payout ratio is presently 79.55%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CAG shares. Stifel Nicolaus decreased their price target 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. started coverage on Conagra Brands in a report on Wednesday, August 20th. They set a "neutral" rating and a $20.00 price target on the stock. Evercore ISI decreased their price target 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. The Goldman Sachs Group lowered Conagra Brands from a "neutral" rating to a "sell" rating and decreased their price target for the company from $26.00 to $21.00 in a report on Monday, June 9th. Finally, Wells Fargo & Company increased their price target on Conagra Brands from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price 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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