HB Wealth Management LLC Has $355,000 Stock Position in Conagra Brands $CAG

HB Wealth Management LLC grew its holdings in Conagra Brands (NYSE:CAG) by 8.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,341 shares of the company’s stock after purchasing an additional 1,367 shares during the period. HB Wealth Management LLC’s holdings in Conagra Brands were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beacon Investment Advisory Services Inc. increased its holdings in Conagra Brands by 3.2% during the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock worth $388,000 after buying an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock worth $27,000 after buying an additional 452 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Conagra Brands by 33.6% during the first quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock worth $54,000 after buying an additional 505 shares during the last quarter. Equitable Trust Co. increased its holdings in Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock worth $798,000 after buying an additional 536 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in Conagra Brands by 6.1% during the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock worth $249,000 after buying an additional 539 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Down 2.0%

CAG stock opened at $18.73 on Tuesday. The company has a market cap of $8.96 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 1.82 and a beta of 0.03. The business has a 50-day simple moving average of $18.96 and a 200 day simple moving average of $21.49. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. 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 issued its 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. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. 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. Sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

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

Analyst Upgrades and Downgrades

CAG has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. 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 report on Friday, July 11th. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. One equities 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. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and an average price target of $21.92.

Conagra Brands Company Profile

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.