Banque Cantonale Vaudoise Sells 650 Shares of Conagra Brands, Inc. (NYSE:CAG)

Banque Cantonale Vaudoise lessened its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,924 shares of the company’s stock after selling 650 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Conagra Brands were worth $2,372,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Conagra Brands during the second quarter valued at about $25,000. Chilton Capital Management LLC purchased a new stake in Conagra Brands in the 2nd quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its stake in Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares during the period. LRI Investments LLC purchased a new stake in Conagra Brands in the 1st quarter worth $42,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Conagra Brands during the third quarter valued at about $47,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $26.49 on Wednesday. The company has a 50 day simple moving average of $29.95 and a two-hundred day simple moving average of $29.97. 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 stock has a market cap of $12.64 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.75 and a beta of 0.34. Conagra Brands, Inc. has a 12 month low of $26.21 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.07). Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the firm earned $0.66 earnings per share. Conagra Brands’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, analysts predict that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.29%. Conagra Brands’s dividend payout ratio (DPR) is currently 135.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CAG shares. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research report on Thursday, October 3rd. Bank of America dropped their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company upped their target price on Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group started coverage on shares of Conagra Brands in a report on Monday, August 12th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and a consensus target price of $31.63.

About Conagra Brands

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.