CreativeOne Wealth LLC Boosts Stake in Conagra Brands $CAG

CreativeOne Wealth LLC lifted its position in Conagra Brands (NYSE:CAG) by 131.9% during the second quarter, Holdings Channel reports. The institutional investor owned 91,375 shares of the company’s stock after buying an additional 51,978 shares during the quarter. CreativeOne Wealth LLC’s holdings in Conagra Brands were worth $1,870,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. TD Asset Management Inc lifted its holdings in shares of Conagra Brands by 13.1% during the first quarter. TD Asset Management Inc now owns 221,878 shares of the company’s stock worth $5,917,000 after purchasing an additional 25,766 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Conagra Brands by 6.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,697 shares of the company’s stock worth $6,926,000 after acquiring an additional 16,546 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Conagra Brands by 4.8% in the first quarter. LPL Financial LLC now owns 471,254 shares of the company’s stock worth $12,568,000 after buying an additional 21,715 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Conagra Brands by 13.3% during the 1st quarter. Mackenzie Financial Corp now owns 102,719 shares of the company’s stock worth $2,740,000 after purchasing an additional 12,061 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Conagra Brands by 37.5% in the 1st quarter. GSA Capital Partners LLP now owns 22,850 shares of the company’s stock valued at $609,000 after buying an additional 6,236 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Up 0.6%

Shares of NYSE CAG opened at $17.85 on Thursday. The stock has a market cap of $8.54 billion, a P/E ratio of 10.14, a PEG ratio of 1.65 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 $16.60 and a 12-month high of $28.69. The business’s fifty day simple moving average is $18.02 and its 200-day simple moving average is $19.58.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The company 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%.Conagra Brands’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, October 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.8%. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. started coverage on Conagra Brands in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective for the company. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. UBS Group lowered their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company boosted their price target on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $21.50.

Insider Transactions at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by corporate insiders.

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.