Robeco Institutional Asset Management B.V. Buys 3,128,203 Shares of Conagra Brands $CAG

Robeco Institutional Asset Management B.V. boosted its stake in shares of Conagra Brands (NYSE:CAG) by 315.4% during the second quarter, Holdings Channel.com reports. The firm owned 4,120,156 shares of the company’s stock after purchasing an additional 3,128,203 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Conagra Brands were worth $84,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Beacon Investment Advisory Services Inc. boosted its position in Conagra Brands by 3.2% during the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock valued at $388,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock valued at $27,000 after purchasing an additional 452 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in Conagra Brands by 33.6% during the first quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock valued at $54,000 after purchasing an additional 505 shares in the last quarter. Equitable Trust Co. boosted its position in Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock valued at $798,000 after purchasing an additional 536 shares in the last quarter. Finally, Independent Advisor Alliance boosted its position in Conagra Brands by 6.1% during the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock valued at $249,000 after purchasing an additional 539 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research note on Thursday. Evercore ISI decreased their price target on 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. Stifel Nicolaus decreased 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. Finally, The Goldman Sachs Group cut Conagra Brands from a “neutral” rating to a “sell” rating and decreased their price target for the company from $26.00 to $21.00 in a research note on Monday, June 9th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Trading Down 0.7%

Shares of NYSE:CAG opened at $19.16 on Friday. Conagra Brands has a 52-week low of $17.89 and a 52-week high of $30.47. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.85 and a beta of 0.04. The company has a quick ratio of 0.24, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $18.97 and a 200-day moving average price of $21.64.

Conagra Brands (NYSE:CAG) last announced 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. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

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