Aull & Monroe Investment Management Corp Lowers Holdings in Conagra Brands $CAG

Aull & Monroe Investment Management Corp trimmed its position in Conagra Brands (NYSE:CAG) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,493 shares of the company’s stock after selling 4,334 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Conagra Brands were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. grew its position in Conagra Brands by 3.2% in the 1st 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. Hexagon Capital Partners LLC boosted its position in shares of Conagra Brands by 33.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,009 shares of the company’s stock worth $54,000 after purchasing an additional 505 shares in the last quarter. Equitable Trust Co. boosted its position in shares of Conagra Brands by 1.8% during the 1st quarter. Equitable Trust Co. now owns 29,927 shares of the company’s stock worth $798,000 after purchasing an additional 536 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Conagra Brands by 6.1% during the 1st quarter. Independent Advisor Alliance now owns 9,327 shares of the company’s stock worth $249,000 after purchasing an additional 539 shares in the last quarter. Finally, Edmp Inc. boosted its position in shares of Conagra Brands by 1.1% during the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock worth $996,000 after purchasing an additional 544 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CAG. Morgan Stanley boosted their target price on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Wells Fargo & Company boosted their target price on shares of 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 decreased their target price on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 24th. Finally, UBS Group decreased their target price on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of “Reduce” and an average target price of $21.92.

Conagra Brands Price Performance

Conagra Brands stock opened at $18.57 on Friday. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.38. 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 50-day simple moving average is $18.90 and its 200 day simple moving average is $21.04. The firm has a market capitalization of $8.88 billion, a PE ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.03.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts predict that Conagra Brands will post 2.35 EPS 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 paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.5%. Conagra Brands’s payout ratio is presently 79.55%.

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.