First National Bank of Mount Dora Trust Investment Services Trims Stock Holdings in Conagra Brands $CAG

First National Bank of Mount Dora Trust Investment Services trimmed its holdings in Conagra Brands (NYSE:CAG) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,580 shares of the company’s stock after selling 1,218 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Conagra Brands were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CAG. Alpine Bank Wealth Management purchased a new position in Conagra Brands in the 1st quarter valued at approximately $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Conagra Brands in the 1st quarter valued at approximately $27,000. Golden State Wealth Management LLC grew its stake in Conagra Brands by 235.2% in the 1st 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 in the last quarter. Wayfinding Financial LLC purchased a new position in Conagra Brands in the 1st quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. grew its stake in 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 valued at $41,000 after buying an additional 1,129 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Down 0.5%

Shares of NYSE:CAG opened at $18.25 on Friday. The firm has a fifty day moving average price of $18.92 and a two-hundred day moving average price of $21.13. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 0.44. Conagra Brands has a one year low of $17.89 and a one year high of $30.47. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.74 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm posted $0.53 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 7.7%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s payout ratio is currently 79.55%.

Wall Street Analysts Forecast Growth

CAG has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price objective on shares of Conagra Brands in a research note on Thursday, October 2nd. Morgan Stanley raised their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Stifel Nicolaus cut their price target on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. UBS Group cut their price target on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Finally, Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.