Conagra Brands $CAG Position Lessened by Kiker Wealth Management LLC

Kiker Wealth Management LLC decreased its stake in Conagra Brands (NYSE:CAG) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,753 shares of the company’s stock after selling 686 shares during the period. Kiker Wealth Management LLC’s holdings in Conagra Brands were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CAG. Alpine Bank Wealth Management bought a new stake in shares of Conagra Brands in the 1st quarter worth approximately $26,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Conagra Brands in the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 741 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Conagra Brands in the 1st quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Conagra Brands by 130.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $41,000 after purchasing an additional 1,129 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CAG shares. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Morgan Stanley raised their target price on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Stifel Nicolaus lowered their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 2nd. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $18.19 on Tuesday. The stock has a fifty day moving average price of $18.95 and a two-hundred day moving average price of $21.23. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The firm has a market cap of $8.70 billion, a P/E ratio of 10.33, a PEG ratio of 1.76 and a beta of 0.03. Conagra Brands has a 1 year low of $17.89 and a 1 year high of $30.47.

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

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 79.55%.

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.