Hohimer Wealth Management LLC Makes New $1.79 Million Investment in Conagra Brands $CAG

Hohimer Wealth Management LLC bought a new position in Conagra Brands (NYSE:CAG – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 133,431 shares of the company’s stock, valued at approximately $1,793,000.

Other hedge funds also recently bought and sold shares of the company. Latitude Advisors LLC acquired a new stake in shares of Conagra Brands in the third quarter valued at about $26,000. Curry Webb Wealth Management LLC acquired a new position in shares of Conagra Brands during the 3rd quarter worth about $30,000. Rakuten Securities Inc. lifted its position in shares of Conagra Brands by 339.7% during the 2nd quarter. Rakuten Securities Inc. now owns 2,273 shares of the company’s stock worth $31,000 after purchasing an additional 1,756 shares during the last quarter. Balance Wealth Partners LLC bought a new stake in Conagra Brands during the 3rd quarter valued at approximately $32,000. Finally, Provenance Wealth Advisors LLC acquired a new stake in Conagra Brands in the 3rd quarter valued at approximately $34,000. 83.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CAG. Deutsche Bank Aktiengesellschaft upped their price target on Conagra Brands from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $14.00 target price on shares of Conagra Brands in a research report on Thursday, October 1st. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays reduced their price target on shares of Conagra Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $14.07.

Check Out Our Latest Analysis on Conagra Brands

Conagra Brands Trading Up 0.1%

Conagra Brands stock opened at $15.26 on Tuesday. The business has a 50 day moving average price of $14.54 and a two-hundred day moving average price of $15.26. The company has a quick ratio of 0.39, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of -3.83 and a beta of 0.02. Conagra Brands has a 12 month low of $12.53 and a 12 month high of $20.32.

Conagra Brands (NYSE:CAG – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, equities analysts forecast that Conagra Brands will post 1.46 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.1750 per share. The ex-dividend date is Thursday, November 5th. This represents a $0.70 dividend on an annualized basis and a yield of 4.6%. Conagra Brands’s payout ratio is currently -17.59%.

Conagra Brands Company Profile

(Free Report)

Conagra Brands is a packaged-food company that develops, manufactures and markets products for retail, foodservice and other customers. Its offerings include frozen meals and vegetables, snacks, baking products, condiments, cooking ingredients and meat snacks.

The company’s portfolio includes brands such as Birds Eye, Healthy Choice, Marie Callender’s, Duncan Hines, Slim Jim, Orville Redenbacher’s, Hunt’s, Banquet and Reddi-wip. Its products are sold primarily in the United States, as well as in international markets.

Conagra traces its roots to Nebraska Consolidated Mills, founded in 1919.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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