Disciplined Equity Management Inc. Grows Stock Holdings in Conagra Brands $CAG

Disciplined Equity Management Inc. boosted its holdings in Conagra Brands (NYSE:CAG) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,710 shares of the company’s stock after buying an additional 8,970 shares during the quarter. Conagra Brands makes up about 1.0% of Disciplined Equity Management Inc.’s holdings, making the stock its 14th largest position. Disciplined Equity Management Inc.’s holdings in Conagra Brands were worth $1,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alpine Bank Wealth Management acquired a new stake in shares of Conagra Brands during the 1st quarter worth about $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Conagra Brands in the first quarter valued at approximately $27,000. Golden State Wealth Management LLC increased 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 purchasing an additional 741 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Conagra Brands during the first quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. raised its holdings in Conagra Brands by 130.8% during the second 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 in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on CAG shares. JPMorgan Chase & Co. started coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $20.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Sanford C. Bernstein set a $21.00 target price on Conagra Brands and gave the stock a “market perform” rating in a research report on Friday, July 11th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Stock Performance

NYSE CAG opened at $18.52 on Wednesday. The firm has a market cap of $8.86 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.73 and a beta of 0.03. Conagra Brands has a 52-week low of $17.89 and a 52-week high of $30.47. The business’s 50-day moving average price is $18.95 and its 200 day moving average price is $21.21. 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 posted its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s payout ratio is currently 79.55%.

Conagra Brands 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.