TD Asset Management Inc. Lowers Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

TD Asset Management Inc. trimmed its stake in Conagra Brands, Inc. (NYSE:CAG) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 172,841 shares of the company’s stock after selling 2,990 shares during the period. TD Asset Management Inc.’s holdings in Conagra Brands were worth $5,854,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. AGF Investments LLC purchased a new stake in Conagra Brands in the 2nd quarter valued at about $34,000. Strategic Blueprint LLC purchased a new stake in shares of Conagra Brands in the 2nd quarter worth approximately $37,000. Ellevest Inc. lifted its position in shares of Conagra Brands by 161.2% in the 3rd quarter. Ellevest Inc. now owns 1,097 shares of the company’s stock worth $37,000 after purchasing an additional 677 shares during the period. Mark Sheptoff Financial Planning LLC lifted its position in shares of Conagra Brands by 37.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,100 shares of the company’s stock worth $40,000 after purchasing an additional 300 shares during the period. Finally, CVA Family Office LLC lifted its position in shares of Conagra Brands by 177.3% in the 3rd quarter. CVA Family Office LLC now owns 1,345 shares of the company’s stock worth $48,000 after purchasing an additional 860 shares during the period. 84.14% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. Credit Suisse Group raised shares of Conagra Brands from an “underperform” rating to a “neutral” rating and set a $34.00 target price for the company in a research report on Wednesday, September 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Conagra Brands from $36.00 to $35.00 in a research note on Friday, January 7th. Morgan Stanley upped their price target on shares of Conagra Brands from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 7th. UBS Group lowered shares of Conagra Brands from a “buy” rating to a “sell” rating in a research note on Friday, October 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $38.00 price objective on shares of Conagra Brands in a research note on Friday, October 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $36.78.

NYSE:CAG opened at $35.11 on Friday. The firm has a market capitalization of $16.84 billion, a P/E ratio of 15.40, a PEG ratio of 2.01 and a beta of 0.85. Conagra Brands, Inc. has a 1-year low of $30.44 and a 1-year high of $39.09. The company’s fifty day moving average price is $32.75 and its 200-day moving average price is $33.41. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.93 and a quick ratio of 0.36.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, January 6th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.04). Conagra Brands had a return on equity of 12.75% and a net margin of 9.82%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the company posted $0.81 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Conagra Brands, Inc. will post 2.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 2nd. Investors of record on Monday, January 31st will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, January 28th. Conagra Brands’s dividend payout ratio (DPR) is presently 54.82%.

About Conagra Brands

Conagra Brands, Inc engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; and Foodservice. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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