Clifford Swan Investment Counsel LLC Sells 96,648 Shares of Conagra Brands $CAG

Clifford Swan Investment Counsel LLC lowered its holdings in Conagra Brands (NYSE:CAG) by 52.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,891 shares of the company’s stock after selling 96,648 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Conagra Brands were worth $1,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAG. Vanguard Group Inc. raised its position in shares of Conagra Brands by 1.6% in the second quarter. Vanguard Group Inc. now owns 61,369,876 shares of the company’s stock valued at $1,256,241,000 after buying an additional 966,031 shares in the last quarter. State Street Corp increased its stake in Conagra Brands by 2.3% during the 2nd quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after acquiring an additional 588,435 shares during the period. Geode Capital Management LLC raised its holdings in Conagra Brands by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,870,239 shares of the company’s stock valued at $262,405,000 after acquiring an additional 193,829 shares in the last quarter. Invesco Ltd. raised its holdings in Conagra Brands by 4.7% in the 2nd quarter. Invesco Ltd. now owns 12,414,110 shares of the company’s stock valued at $254,117,000 after acquiring an additional 554,125 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Conagra Brands by 69.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock valued at $207,685,000 after acquiring an additional 4,160,542 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

CAG stock opened at $18.70 on Friday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of -85.00 and a beta of -0.01. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The company has a 50 day simple moving average of $17.97 and a 200 day simple moving average of $18.17. Conagra Brands has a 1 year low of $15.96 and a 1 year high of $28.51.

Conagra Brands (NYSE:CAG) last posted its earnings results on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The company’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a $1.40 annualized dividend and a yield of 7.5%. Conagra Brands’s payout ratio is presently -636.36%.

Analysts Set New Price Targets

A number of research analysts recently commented on CAG shares. TD Cowen restated a “hold” rating on shares of Conagra Brands in a research report on Monday, December 22nd. Royal Bank Of Canada decreased their target price on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, December 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Conagra Brands in a report on Wednesday, February 18th. UBS Group reissued a “neutral” rating and issued a $20.00 price objective on shares of Conagra Brands in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $19.07.

Conagra Brands Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.