Scotia Capital Inc. Acquires 8,142 Shares of Conagra Brands $CAG

Scotia Capital Inc. boosted its holdings in shares of Conagra Brands (NYSE:CAG) by 12.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 73,347 shares of the company’s stock after acquiring an additional 8,142 shares during the period. Scotia Capital Inc.’s holdings in Conagra Brands were worth $1,501,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Quaker Wealth Management LLC grew its stake in shares of Conagra Brands by 202.3% during the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after purchasing an additional 2,427 shares during the period. Clearstead Trust LLC boosted its holdings in Conagra Brands by 522.1% during the second quarter. Clearstead Trust LLC now owns 1,636 shares of the company’s stock worth $33,000 after buying an additional 1,373 shares during the last quarter. Summit Securities Group LLC bought a new position in Conagra Brands during the first quarter worth about $45,000. AlphaCore Capital LLC acquired a new position in shares of Conagra Brands during the 2nd quarter worth about $37,000. Finally, ST Germain D J Co. Inc. increased its stake in shares of Conagra Brands by 130.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after acquiring an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Insiders Place Their Bets

In other Conagra Brands news, SVP Melissa C. Napier sold 13,011 shares of Conagra Brands 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Conagra Brands Stock Down 0.9%

NYSE:CAG opened at $17.69 on Tuesday. The stock has a 50-day simple moving average of $17.97 and a 200 day simple moving average of $19.45. Conagra Brands has a 52-week low of $16.60 and a 52-week high of $28.69. The company has a market cap of $8.46 billion, a PE ratio of 10.05, a PEG ratio of 1.65 and a beta of 0.03. 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 released its 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 analysts’ expectations of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, October 30th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.9%. Conagra Brands’s dividend payout ratio is presently 79.55%.

Wall Street Analyst Weigh In

CAG has been the topic of a number of analyst reports. Wells Fargo & Company increased 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 report on Thursday, October 2nd. JPMorgan Chase & Co. assumed coverage on shares of Conagra Brands in a report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. UBS Group decreased their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. Finally, Morgan Stanley lifted their target price on Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Conagra Brands has an average rating of “Reduce” and an average price target of $21.50.

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.