Clifford Swan Investment Counsel LLC Decreases Position in Conagra Brands $CAG

Clifford Swan Investment Counsel LLC trimmed its position in shares of Conagra Brands (NYSE:CAG) by 20.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,539 shares of the company’s stock after selling 48,429 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Conagra Brands were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CAG. Wealth Enhancement Advisory Services LLC raised its stake in Conagra Brands by 269.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 207,417 shares of the company’s stock valued at $5,532,000 after acquiring an additional 151,209 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Conagra Brands by 3.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 125,064 shares of the company’s stock valued at $3,335,000 after buying an additional 3,715 shares in the last quarter. Edmp Inc. boosted its holdings in Conagra Brands by 510.8% in the 1st quarter. Edmp Inc. now owns 48,131 shares of the company’s stock worth $1,284,000 after buying an additional 40,251 shares during the period. Lecap Asset Management Ltd. purchased a new position in Conagra Brands in the 1st quarter valued at approximately $974,000. Finally, Spire Wealth Management raised its holdings in Conagra Brands by 216.0% during the 1st quarter. Spire Wealth Management now owns 3,271 shares of the company’s stock valued at $87,000 after acquiring an additional 2,236 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Up 0.9%

Shares of CAG opened at $18.79 on Thursday. Conagra Brands has a fifty-two week low of $17.89 and a fifty-two week high of $29.91. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.76 and a beta of 0.03. The firm has a 50 day moving average price of $18.85 and a 200-day moving average price of $20.91. 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 (NYSE:CAG) last issued its earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 7.5%. Conagra Brands’s dividend payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAG. Morgan Stanley increased their price target on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. Stifel Nicolaus lowered their price objective 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. Weiss Ratings restated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $22.00 target price 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 issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.