Conagra Brands $CAG Shares Sold by Capital Management Corp VA

Key Points

• Capital Management Corp VA reduced its stake in Conagra Brands by 44.3% in the 2nd quarter, owning 172,402 shares after selling off 137,355 shares.
• Conagra Brands reported $0.39 EPS for the recent quarter, exceeding estimates, though their revenue was down 5.8% year-over-year at $2.63 billion.
• The company declared a quarterly dividend of $0.35 per share with a yield of 7.6%, scheduled for payment on November 26th.

Capital Management Corp VA decreased its stake in shares of Conagra Brands (NYSE:CAG - Free Report) by 44.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,402 shares of the company's stock after selling 137,355 shares during the quarter. Capital Management Corp VA's holdings in Conagra Brands were worth $3,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in Conagra Brands by 106.4% in the first quarter. Farther Finance Advisors LLC now owns 10,003 shares of the company's stock valued at $266,000 after acquiring an additional 5,157 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Conagra Brands by 21.1% in the 1st quarter. Fifth Third Bancorp now owns 22,375 shares of the company's stock valued at $597,000 after purchasing an additional 3,896 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Conagra Brands by 269.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 207,417 shares of the company's stock valued at $5,532,000 after purchasing an additional 151,209 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Conagra Brands by 18.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 41,902 shares of the company's stock valued at $1,118,000 after purchasing an additional 6,383 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Conagra Brands during the 1st quarter worth $633,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Price Performance

CAG stock opened at $18.52 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $8.86 billion, a P/E ratio of 10.52, a PEG ratio of 1.73 and a beta of 0.03. The business has a 50 day simple moving average of $18.95 and a 200-day simple moving average of $21.21. Conagra Brands has a twelve month low of $17.89 and a twelve month high of $30.47.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The firm had revenue of $2.63 billion during 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%. Conagra Brands's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid 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 yield of 7.6%. Conagra Brands's dividend payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

Several research firms recently commented on CAG. JPMorgan Chase & Co. started coverage on Conagra Brands in a report on Wednesday, August 20th. They issued a "neutral" rating and a $20.00 target price on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Conagra Brands in a research report on Wednesday, October 8th. 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. Evercore ISI lowered their price target 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. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $22.00 price objective on shares of Conagra Brands in a report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $21.92.

Conagra Brands Company 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.

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