Trust Co. of Toledo NA OH Buys New Position in Conagra Brands $CAG

Trust Co. of Toledo NA OH acquired a new position in shares of Conagra Brands (NYSE:CAG) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,000 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Beacon Investment Advisory Services Inc. lifted its position in Conagra Brands by 3.2% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company’s stock worth $388,000 after acquiring an additional 450 shares during the period. Hexagon Capital Partners LLC lifted its position in Conagra Brands by 33.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock worth $54,000 after acquiring an additional 505 shares during the period. Equitable Trust Co. lifted its position in Conagra Brands by 1.8% during the 1st quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock worth $798,000 after acquiring an additional 536 shares during the period. Independent Advisor Alliance lifted its position in Conagra Brands by 6.1% during the 1st quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock worth $249,000 after acquiring an additional 539 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in Conagra Brands by 1.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock worth $740,000 after acquiring an additional 546 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Down 2.1%

Conagra Brands stock opened at $18.19 on Tuesday. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.03. 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 has a fifty-two week low of $17.89 and a fifty-two week high of $30.47. The stock’s fifty day moving average is $18.95 and its two-hundred day moving average is $21.23.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 7.7%. The ex-dividend date of this dividend 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 a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Morgan Stanley raised their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Stifel Nicolaus reduced their price target on Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average 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.