Vanguard Personalized Indexing Management LLC Increases Position in Conagra Brands $CAG

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Conagra Brands by 51.4% during Q2, now owning 107,495 shares valued at $2,201,000.
• Analysts have mixed outlooks on Conagra Brands, with UBS cutting the price target to $19.00 and maintaining a "neutral" rating, while the average target price is currently $21.92.
• Conagra Brands recently announced a quarterly dividend of $0.35 per share, representing an annualized yield of 7.7% and a payout ratio of 79.55%.

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Conagra Brands (NYSE:CAG - Free Report) by 51.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,495 shares of the company's stock after acquiring an additional 36,482 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Conagra Brands were worth $2,201,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Conagra Brands by 2.7% in the first quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company's stock worth $1,610,971,000 after purchasing an additional 1,604,893 shares in the last quarter. Invesco Ltd. grew its stake in Conagra Brands by 6.3% in the first quarter. Invesco Ltd. now owns 11,859,985 shares of the company's stock worth $316,306,000 after purchasing an additional 698,630 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Conagra Brands by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company's stock worth $217,686,000 after purchasing an additional 2,702,407 shares in the last quarter. Ameriprise Financial Inc. grew 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 worth $159,625,000 after purchasing an additional 4,191,555 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Conagra Brands by 315.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company's stock worth $84,340,000 after purchasing an additional 3,128,203 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CAG shares. UBS Group decreased their price target on Conagra Brands from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, September 24th. Stifel Nicolaus decreased their target price 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. Weiss Ratings restated a "sell (d+)" rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a "sector perform" rating and issued a $22.00 target price on shares of Conagra Brands in a research note on Thursday, October 2nd. Finally, Zacks Research upgraded Conagra Brands from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 2nd. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $21.92.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $18.25 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $18.92 and a 200-day simple moving average of $21.13. The company has a market cap of $8.73 billion, a PE ratio of 10.37, a P/E/G ratio of 1.74 and a beta of 0.03. Conagra Brands has a 12-month low of $17.89 and a 12-month high of $30.47.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion during 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 business's revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed 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 is Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.7%. Conagra Brands's 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.

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