DMC Group LLC Grows Stock Holdings in Conagra Brands $CAG

DMC Group LLC raised its position in shares of Conagra Brands (NYSE:CAG - Free Report) by 68.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,002 shares of the company's stock after buying an additional 18,284 shares during the quarter. DMC Group LLC's holdings in Conagra Brands were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Beacon Investment Advisory Services Inc. lifted its position in shares of Conagra Brands by 3.2% during the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company's stock valued at $388,000 after buying an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after buying an additional 452 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Conagra Brands by 33.6% during the first quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company's stock valued at $54,000 after buying an additional 505 shares during the last quarter. Equitable Trust Co. lifted its position in shares of Conagra Brands by 1.8% during the first quarter. Equitable Trust Co. now owns 29,927 shares of the company's stock valued at $798,000 after buying an additional 536 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of Conagra Brands by 6.1% during the first quarter. Independent Advisor Alliance now owns 9,327 shares of the company's stock valued at $249,000 after buying an additional 539 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CAG shares. Stifel Nicolaus decreased their target price on Conagra Brands from $26.00 to $21.00 and set a "hold" rating for the company in a report on Friday, July 11th. Zacks Research raised Conagra Brands from a "strong sell" rating to a "hold" rating in a report on Thursday, October 2nd. Evercore ISI decreased their target price 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. UBS Group decreased their target price on Conagra Brands from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, September 24th. Finally, Wells Fargo & Company boosted their target price on shares of Conagra Brands from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has a consensus rating of "Reduce" and an average price target of $21.92.

Conagra Brands Trading Up 1.1%

Shares of CAG opened at $18.93 on Wednesday. Conagra Brands has a 52-week low of $17.89 and a 52-week high of $30.47. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm's fifty day moving average is $18.95 and its two-hundred day moving average is $21.47. The stock has a market cap of $9.05 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.03.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $0.53 EPS. The company's quarterly revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Research analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company 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 $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.4%. Conagra Brands's dividend payout ratio is 79.55%.

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.

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