Cetera Investment Advisers Has $4.03 Million Stake in Conagra Brands $CAG

by · The Markets Daily

Cetera Investment Advisers grew its holdings in Conagra Brands (NYSE:CAG – Free Report) by 20.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 256,609 shares of the company’s stock after buying an additional 43,027 shares during the quarter. Cetera Investment Advisers’ holdings in Conagra Brands were worth $4,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CAG. CYBER HORNET ETFs LLC bought a new position in shares of Conagra Brands in the second quarter worth about $26,000. MUFG Securities EMEA plc bought a new stake in shares of Conagra Brands during the second quarter valued at approximately $29,000. Harbour Investments Inc. increased its holdings in shares of Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after purchasing an additional 701 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Conagra Brands by 156.9% in the first quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock valued at $26,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Conagra Brands during the 3rd quarter worth $33,000. 83.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday, July 16th. UBS Group raised their price objective on shares of Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Conagra Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. BNP Paribas Exane reduced their price target on Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Stifel Nicolaus dropped their price objective on Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $14.07.

View Our Latest Stock Report on Conagra Brands

Conagra Brands Trading Up 0.6%

CAG opened at $15.00 on Wednesday. The stock has a market capitalization of $7.18 billion, a P/E ratio of -3.75 and a beta of -0.03. The company has a current ratio of 0.90, a quick ratio of 0.31 and a debt-to-equity ratio of 1.02. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32. The firm’s fifty day simple moving average is $13.91 and its 200 day simple moving average is $15.53.

Conagra Brands (NYSE:CAG – Get Free Report) last released its earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.89 billion. Conagra Brands had a negative net margin of 16.99% and a positive return on equity of 10.44%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, research analysts anticipate that Conagra Brands will post 1.45 EPS for the current fiscal year.

Conagra Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, July 30th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, July 30th. Conagra Brands’s payout ratio is presently -17.50%.

About Conagra Brands

(Free Report)

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.

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