Bridges Investment Management Inc. Has $406,000 Holdings in Conagra Brands $CAG

by · The Cerbat Gem

Bridges Investment Management Inc. trimmed its position in shares of Conagra Brands (NYSE:CAG – Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,824 shares of the company’s stock after selling 786 shares during the period. Bridges Investment Management Inc.’s holdings in Conagra Brands were worth $406,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Conagra Brands from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a report on Friday, July 11th. Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 price target on shares of Conagra Brands in a research note on Thursday, October 2nd. JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Evercore ISI dropped their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $21.92.

Read Our Latest Research Report on CAG

Conagra Brands Stock Performance

NYSE:CAG opened at $18.57 on Friday. The stock’s 50-day moving average is $18.90 and its 200-day moving average is $21.08. Conagra Brands has a 1-year low of $17.89 and a 1-year high of $30.38. 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 stock has a market cap of $8.88 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.03.

Conagra Brands (NYSE:CAG – Get Free Report) last posted its earnings results 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 the consensus estimate of $2.62 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue 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. Equities research analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Thursday, October 30th. Conagra Brands’s dividend payout ratio is presently 79.55%.

About Conagra Brands

(Free Report)

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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