Valeo Financial Advisors LLC Grows Stock Holdings in Conagra Brands $CAG

Key Points

• Valeo Financial Advisors LLC significantly increased its stake in Conagra Brands by 4,289.6%, owning 553,401 shares worth $11.3 million after purchasing an additional 540,794 shares in Q2.
• Conagra Brands recently declared a quarterly dividend of $0.35 per share, which translates to an annual yield of 7.3%, with a payout ratio of 79.55%.
• Analysts have mixed opinions on Conagra Brands, with one buy rating, ten hold ratings, and three sell ratings, leading to an average price target of $21.92.

Valeo Financial Advisors LLC raised its holdings in shares of Conagra Brands (NYSE:CAG - Free Report) by 4,289.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 553,401 shares of the company's stock after purchasing an additional 540,794 shares during the period. Valeo Financial Advisors LLC owned 0.12% of Conagra Brands worth $11,328,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAG. Stifel Nicolaus cut their price target on Conagra Brands from $26.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, July 11th. The Goldman Sachs Group downgraded Conagra Brands from a "neutral" rating to a "sell" rating and decreased their target price for the company from $26.00 to $21.00 in a research note on Monday, June 9th. Wells Fargo & Company boosted their target price on Conagra Brands from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday. Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the stock a "market perform" rating in a research report on Friday, July 11th. Finally, Evercore ISI decreased their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $21.92.

Conagra Brands Trading Down 0.3%

Shares of CAG opened at $19.12 on Monday. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm's fifty day moving average is $18.97 and its two-hundred day moving average is $21.54. The stock has a market cap of $9.14 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.82 and a beta of 0.03. Conagra Brands has a 52-week low of $17.89 and a 52-week high of $30.47.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. The business 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 business's revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.3%. Conagra Brands's dividend payout ratio (DPR) is currently 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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