Professional Financial Advisors LLC Boosts Holdings in Conagra Brands, Inc. (NYSE:CAG)

Professional Financial Advisors LLC boosted its stake in Conagra Brands, Inc. (NYSE:CAG) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,558 shares of the company’s stock after acquiring an additional 2,488 shares during the period. Professional Financial Advisors LLC’s holdings in Conagra Brands were worth $1,209,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Conagra Brands in the second quarter valued at $511,000. Choreo LLC purchased a new stake in Conagra Brands during the 2nd quarter valued at approximately $418,000. LPL Financial LLC lifted its position in Conagra Brands by 20.1% during the 2nd quarter. LPL Financial LLC now owns 1,365,652 shares of the company’s stock worth $38,812,000 after acquiring an additional 228,202 shares during the period. Meeder Advisory Services Inc. grew its stake in shares of Conagra Brands by 25.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 10,808 shares of the company’s stock valued at $307,000 after purchasing an additional 2,197 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Conagra Brands by 13.6% in the second quarter. Parallel Advisors LLC now owns 12,852 shares of the company’s stock valued at $365,000 after purchasing an additional 1,535 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $26.31 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $27.48 and its 200 day moving average price is $29.32. Conagra Brands, Inc. has a 52 week low of $25.85 and a 52 week high of $33.24. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.91 and a beta of 0.29.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. As a group, research analysts forecast that Conagra Brands, Inc. will post 2.58 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.32%. Conagra Brands’s payout ratio is currently 137.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CAG shares. Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Citigroup reduced their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.56.

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.