Cwm LLC Has $1.96 Million Stock Holdings in Conagra Brands $CAG

Cwm LLC raised its holdings in Conagra Brands (NYSE:CAG) by 6.9% during the second quarter, HoldingsChannel reports. The firm owned 95,940 shares of the company’s stock after acquiring an additional 6,191 shares during the quarter. Cwm LLC’s holdings in Conagra Brands were worth $1,964,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of Conagra Brands in the 1st quarter valued at $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Conagra Brands in the 1st quarter valued at $27,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 741 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Conagra Brands in the 1st quarter valued at $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Conagra Brands in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CAG. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. Morgan Stanley increased their price target on Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein set a $21.00 price target on Conagra Brands and gave the company a “market perform” rating in a research note on Friday, July 11th. 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. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $21.92.

Conagra Brands Stock Up 1.6%

Shares of NYSE:CAG opened at $18.57 on Monday. The firm has a market cap of $8.88 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.03. 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 has a 12-month low of $17.89 and a 12-month high of $30.38. The business has a fifty day simple moving average of $18.90 and a 200 day simple moving average of $21.00.

Conagra Brands (NYSE:CAG) last announced its earnings results 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. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.Conagra Brands’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company 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 earnings per share for the current year.

Conagra Brands Announces Dividend

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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 79.55%.

About Conagra Brands

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.