Clifford Swan Investment Counsel LLC Sells 48,429 Shares of Conagra Brands $CAG

Clifford Swan Investment Counsel LLC decreased its position in Conagra Brands (NYSE:CAG) by 20.8% during the second quarter, Holdings Channel.com reports. The fund owned 184,539 shares of the company’s stock after selling 48,429 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Conagra Brands were worth $3,778,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in Conagra Brands in the 1st quarter worth approximately $26,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Conagra Brands during the first quarter valued at approximately $27,000. Golden State Wealth Management LLC lifted its stake in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 741 shares during the period. Wayfinding Financial LLC bought a new stake in Conagra Brands in the first quarter valued at $34,000. Finally, ST Germain D J Co. Inc. increased its position in Conagra Brands by 130.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $41,000 after purchasing an additional 1,129 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $18.79 on Thursday. Conagra Brands has a 1 year low of $17.89 and a 1 year high of $29.91. The firm’s 50-day moving average is $18.85 and its 200 day moving average is $20.91. The stock 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 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 (NYSE:CAG) last issued 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 firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate 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 was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.5%. Conagra Brands’s dividend payout ratio (DPR) is 79.55%.

Analyst Ratings Changes

CAG has been the subject of several research analyst reports. 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. UBS Group lowered their price objective 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a report on Wednesday, October 8th. Sanford C. Bernstein set a $21.00 target price on Conagra Brands and gave the company a “market perform” rating in a research note on Friday, July 11th. Finally, Evercore ISI decreased their price objective on Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target 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.