5 Best Vegan Stocks To Buy

02. Conagra Brands, Inc. (NYSE:CAG)

Number of Hedge Fund Holders as of Q2, 2022: 30

Conagra Brands, Inc. (NYSE:CAG) is an American food company specializing in consumer packaged goods. The company’s brands are available in supermarkets, restaurants, and food service establishments. Gardein, Birds Eye, Log Cabin, and Duncan Hines are among the company’s vegan and plant-based brand names purchased as part of Pinnacle Foods’ $10.9 billion acquisition in October 2018.

The business raised its quarterly dividend by 5.6% to $0.33 per share on July 22. This was the third year in a row of dividend growth for Conagra Brands, Inc. (NYSE:CAG). The firm also declared a $0.33 dividend on October 4 for a 3.85% yield. Conagra Brands, Inc. (NYSE:CAG) also regularly returns investor capital, and the firm repurchased $50 million worth of shares during Q1. The share price is also up by 0.68% year to date. On October 7, Deutsche Bank analyst Steve Powers raised his price target on Conagra Brands, Inc. (NYSE:CAG) to $33 from $32 and kept a Hold rating on the shares.

The number of hedge funds tracked by Insider Monkey owning positions in Conagra Brands, Inc. (NYSE:CAG) stood at 30 in Q2 2022, up from 22 in the previous quarter. The stakes owned by these hedge funds have a consolidated value of over $603.4 million. Ken Griffin’s Citadel Investment Group holds the leading stake in Conagra Brands, Inc. (NYSE:CAG), with 4.4 million shares worth $153 million.