DMC Group LLC Raises Stock Position in Conagra Brands $CAG

DMC Group LLC lifted its position in shares of Conagra Brands (NYSE:CAG) by 68.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,002 shares of the company’s stock after acquiring an additional 18,284 shares during the quarter. DMC Group LLC’s holdings in Conagra Brands were worth $921,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in shares of Conagra Brands during the 1st quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Conagra Brands during the 1st quarter worth approximately $27,000. Capital Advisors Ltd. LLC raised its position in shares of Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock worth $27,000 after purchasing an additional 452 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Conagra Brands by 235.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 741 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Conagra Brands in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Conagra Brands in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price for the company. UBS Group decreased their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Evercore ISI decreased their price target on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Wednesday, September 24th. Stifel Nicolaus cut their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Finally, Bank of America lowered shares of Conagra Brands from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $27.00 to $20.00 in a report on Thursday, June 12th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Stock Up 1.1%

Shares of NYSE:CAG opened at $18.93 on Wednesday. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.03. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $30.47. The company’s fifty day moving average is $18.95 and its two-hundred day moving average is $21.47. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.4%. Conagra Brands’s dividend payout ratio is presently 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.