Bfsg LLC Cuts Holdings in Conagra Brands, Inc. (NYSE:CAG)

Bfsg LLC cut its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,678 shares of the company’s stock after selling 2,475 shares during the period. Bfsg LLC’s holdings in Conagra Brands were worth $937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CAG. Riverview Trust Co increased its holdings in shares of Conagra Brands by 132.8% in the third quarter. Riverview Trust Co now owns 945 shares of the company’s stock worth $26,000 after purchasing an additional 539 shares during the last quarter. Naples Money Management LLC purchased a new stake in shares of Conagra Brands in the fourth quarter valued at approximately $26,000. Thompson Investment Management Inc. raised its stake in Conagra Brands by 100.0% in the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Conagra Brands during the third quarter worth $33,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Conagra Brands by 48.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after purchasing an additional 454 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAG shares. Barclays increased their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Stifel Nicolaus increased their price objective on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Citigroup lifted their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada lowered their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 3rd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.14.

Conagra Brands Stock Up 1.0 %

NYSE CAG traded up $0.30 during trading on Wednesday, reaching $31.57. The company’s stock had a trading volume of 6,865,579 shares, compared to its average volume of 5,120,700. The business has a 50-day moving average price of $28.98 and a 200-day moving average price of $28.61. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. Conagra Brands, Inc. has a 1-year low of $25.16 and a 1-year high of $38.73. The stock has a market capitalization of $15.09 billion, a PE ratio of 15.71, a PEG ratio of 3.12 and a beta of 0.42.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts forecast that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a yield of 4.43%. Conagra Brands’s payout ratio is presently 70.35%.

Conagra Brands 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.