Atria Wealth Solutions Inc. Sells 8,106 Shares of Conagra Brands $CAG

Atria Wealth Solutions Inc. cut its stake in Conagra Brands (NYSE:CAG) by 33.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,816 shares of the company’s stock after selling 8,106 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Conagra Brands were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position 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 buying an additional 1,604,893 shares during the last quarter. Invesco Ltd. increased 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 during the period. Dimensional Fund Advisors LP increased 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 during the period. Ameriprise Financial Inc. increased 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 during the period. Finally, Robeco Institutional Asset Management B.V. increased 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 during the period. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $18.62 on Wednesday. The firm has a market cap of $8.91 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.75 and a beta of 0.03. 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 has a 12 month low of $17.89 and a 12 month high of $29.91. The stock’s fifty day moving average price is $18.87 and its 200-day moving average price is $20.93.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS 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 analyst estimates 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 for the quarter was down 5.8% on a year-over-year basis. During the same quarter last 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 expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.5%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s payout ratio is 79.55%.

Analysts Set New Price Targets

A number of research firms have weighed in on CAG. Stifel Nicolaus reduced their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Wells Fargo & Company increased their target price on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a research note on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus 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.