Hardy Reed LLC Increases Stock Holdings in Conagra Brands $CAG

Hardy Reed LLC grew its holdings in shares of Conagra Brands (NYSE:CAG) by 14.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,585 shares of the company’s stock after purchasing an additional 1,749 shares during the quarter. Hardy Reed LLC’s holdings in Conagra Brands were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its holdings in Conagra Brands by 4,289.6% during the second quarter. Valeo Financial Advisors LLC now owns 553,401 shares of the company’s stock valued at $11,328,000 after buying an additional 540,794 shares during the last quarter. OLD National Bancorp IN grew its position in shares of Conagra Brands by 7.2% during the 2nd quarter. OLD National Bancorp IN now owns 266,121 shares of the company’s stock valued at $5,447,000 after acquiring an additional 17,942 shares during the period. Carolina Wealth Advisors LLC increased its stake in shares of Conagra Brands by 2.1% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 140,254 shares of the company’s stock worth $2,871,000 after purchasing an additional 2,932 shares in the last quarter. 111 Capital bought a new position in Conagra Brands in the 2nd quarter worth $200,000. Finally, Ameriflex Group Inc. lifted its position in Conagra Brands by 20.3% during the second quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock valued at $68,000 after purchasing an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research note on Saturday, September 27th. Wells Fargo & Company lifted their price target on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday. Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the stock a “market perform” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group downgraded shares of Conagra Brands from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $26.00 to $21.00 in a research report on Monday, June 9th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Conagra Brands currently has an average rating of “Reduce” and an average price target of $21.92.

Conagra Brands Price Performance

CAG stock opened at $18.73 on Tuesday. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The firm has a market capitalization of $8.96 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 1.82 and a beta of 0.03. The company has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $21.49. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly 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. Analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a yield of 7.5%. Conagra Brands’s dividend payout ratio is 79.55%.

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.