Atria Investments Inc Buys 7,649 Shares of Conagra Brands $CAG

by · The Cerbat Gem

Atria Investments Inc grew its position in shares of Conagra Brands (NYSE:CAG – Free Report) by 15.8% in the second quarter, HoldingsChannel reports. The firm owned 56,097 shares of the company’s stock after buying an additional 7,649 shares during the quarter. Atria Investments Inc’s holdings in Conagra Brands were worth $1,148,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC grew its holdings in Conagra Brands by 42.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,821 shares of the company’s stock valued at $289,000 after buying an additional 3,207 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Conagra Brands by 4.2% in the first quarter. Concurrent Investment Advisors LLC now owns 27,922 shares of the company’s stock valued at $745,000 after purchasing an additional 1,137 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Conagra Brands by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 923,991 shares of the company’s stock worth $24,643,000 after purchasing an additional 32,478 shares during the last quarter. Greenleaf Trust raised its stake in Conagra Brands by 19.5% during the first quarter. Greenleaf Trust now owns 16,565 shares of the company’s stock valued at $442,000 after purchasing an additional 2,699 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Conagra Brands by 7.8% during the first quarter. Nisa Investment Advisors LLC now owns 168,102 shares of the company’s stock valued at $4,483,000 after purchasing an additional 12,196 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 2.3%

CAG opened at $16.70 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The stock’s 50 day moving average price is $18.50 and its 200-day moving average price is $20.27. Conagra Brands has a one year low of $16.60 and a one year high of $28.90. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.65 and a beta of 0.03.

Conagra Brands (NYSE:CAG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The company 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%.Conagra Brands’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a report on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective for the company. UBS Group decreased their price target on Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, Stifel Nicolaus dropped their price objective on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, July 11th. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $21.92.

Get Our Latest Stock Analysis on CAG

Insiders Place Their Bets

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

Conagra Brands Profile

(Free Report)

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.

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