Conagra Brands $CAG Stock Position Decreased by Kiker Wealth Management LLC

Kiker Wealth Management LLC cut its stake in shares of Conagra Brands (NYSE:CAG) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,753 shares of the company’s stock after selling 686 shares during the quarter. Kiker Wealth Management LLC’s holdings in Conagra Brands were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Conagra Brands by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock worth $1,610,971,000 after acquiring an additional 1,604,893 shares in the last quarter. Invesco Ltd. boosted its position in shares of Conagra Brands by 6.3% in the first quarter. Invesco Ltd. now owns 11,859,985 shares of the company’s stock worth $316,306,000 after buying an additional 698,630 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Conagra Brands by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock worth $217,686,000 after buying an additional 2,702,407 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Conagra Brands by 233.7% in the first quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company’s stock worth $159,625,000 after buying an additional 4,191,555 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Conagra Brands by 315.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company’s stock worth $84,340,000 after buying an additional 3,128,203 shares during the period. 83.75% of the stock is owned by institutional investors.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $18.19 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 1 year low of $17.89 and a 1 year high of $30.47. The business has a fifty day simple moving average of $18.95 and a 200 day simple moving average of $21.23. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the company earned $0.53 earnings per share. Conagra Brands’s quarterly 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. As a group, sell-side analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

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

Wall Street Analyst Weigh In

CAG has been the subject of several recent analyst reports. Evercore ISI decreased their target price on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Wednesday, September 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $22.00 target price on shares of Conagra Brands in a research report on Thursday, October 2nd. Wells Fargo & Company raised their target price on Conagra Brands from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 2nd. 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 for the company. Finally, 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. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $21.92.

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.