Invesco Ltd. Has $254.12 Million Holdings in Conagra Brands $CAG

Invesco Ltd. raised its stake in Conagra Brands (NYSE:CAG) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,414,110 shares of the company’s stock after purchasing an additional 554,125 shares during the period. Invesco Ltd. owned approximately 2.59% of Conagra Brands worth $254,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. 1832 Asset Management L.P. lifted its stake in shares of Conagra Brands by 17.7% in the second quarter. 1832 Asset Management L.P. now owns 56,941 shares of the company’s stock valued at $1,166,000 after buying an additional 8,563 shares during the period. CW Advisors LLC increased its stake in Conagra Brands by 4.4% during the second quarter. CW Advisors LLC now owns 37,586 shares of the company’s stock valued at $769,000 after acquiring an additional 1,591 shares during the period. Blueshift Asset Management LLC acquired a new position in Conagra Brands in the 2nd quarter valued at approximately $535,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Conagra Brands by 156.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,238,558 shares of the company’s stock worth $45,823,000 after acquiring an additional 1,366,059 shares during the period. Finally, Quantbot Technologies LP grew its holdings in shares of Conagra Brands by 2,893.0% during the 2nd quarter. Quantbot Technologies LP now owns 651,189 shares of the company’s stock worth $13,330,000 after purchasing an additional 629,432 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, October 2nd. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. Morgan Stanley boosted their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 price objective for the company. One 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. Based on data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and a consensus target price of $21.50.

Conagra Brands Price Performance

Shares of CAG stock opened at $17.06 on Friday. The stock’s fifty day simple moving average is $17.88 and its 200 day simple moving average is $19.31. Conagra Brands has a one year low of $16.60 and a one year high of $28.51. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 9.69 and a beta of -0.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44.

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 analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company 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 earned $0.53 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Thursday, October 30th. Conagra Brands’s dividend payout ratio is currently 79.55%.

Insider Buying and Selling at Conagra Brands

In other news, SVP Melissa C. Napier sold 13,011 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

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.