Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Conagra Brands $CAG

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Conagra Brands (NYSE:CAG) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 931,364 shares of the company’s stock after purchasing an additional 56,549 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Conagra Brands worth $19,065,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Conagra Brands by 11.9% in the first quarter. Victory Capital Management Inc. now owns 842,094 shares of the company’s stock valued at $22,459,000 after acquiring an additional 89,445 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at $10,465,000. Impact Partnership Wealth LLC purchased a new stake in shares of Conagra Brands during the 1st quarter valued at $396,000. Triton Financial Group Inc acquired a new stake in shares of Conagra Brands in the 2nd quarter worth $690,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Conagra Brands by 6.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 259,697 shares of the company’s stock worth $6,926,000 after buying an additional 16,546 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Insider Buying and Selling at Conagra Brands

In related news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total value of $223,659.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by company insiders.

Conagra Brands Price Performance

Shares of CAG opened at $17.31 on Wednesday. The business’s 50-day moving average is $18.39 and its two-hundred day moving average is $20.04. The company has a market capitalization of $8.28 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.65 and a beta of 0.03. Conagra Brands has a fifty-two week low of $16.60 and a fifty-two week high of $28.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be paid 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 8.1%. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAG. Morgan Stanley increased their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. Evercore ISI lowered their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. UBS Group cut their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Conagra Brands has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands 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.