Yousif Capital Management LLC Has $1.12 Million Stock Holdings in Conagra Brands $CAG

Yousif Capital Management LLC increased its position in shares of Conagra Brands (NYSE:CAG) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,684 shares of the company’s stock after acquiring an additional 1,920 shares during the quarter. Yousif Capital Management LLC’s holdings in Conagra Brands were worth $1,119,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CAG. Alpine Bank Wealth Management acquired a new position in shares of Conagra Brands during the first quarter valued at $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Conagra Brands in the first quarter valued at about $27,000. Golden State Wealth Management LLC lifted its stake in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after buying an additional 741 shares during the period. Wayfinding Financial LLC acquired a new position in Conagra Brands in the first quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. lifted its stake in Conagra Brands by 130.8% in the second quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after buying an additional 1,129 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG opened at $18.62 on Wednesday. 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 has a twelve month low of $17.89 and a twelve month high of $29.91. The firm’s 50 day moving average price is $18.87 and its two-hundred day moving average price is $20.93. The firm has a market cap of $8.91 billion, a P/E ratio of 10.58, a PEG ratio of 1.75 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, beating 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 analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm posted $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 forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company 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 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 dividend yield of 7.5%. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Sanford C. Bernstein set a $21.00 target price on Conagra Brands and gave the company a “market perform” rating in a research note on Friday, July 11th. Wells Fargo & Company increased their target price on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Stifel Nicolaus cut their target price on 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, Evercore ISI cut their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Wednesday, September 24th. 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. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus 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.