Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 48.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,397 shares of the company’s stock after purchasing an additional 454 shares during the period. Parkside Financial Bank & Trust’s holdings in Conagra Brands were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CAG. Naples Money Management LLC acquired a new position in shares of Conagra Brands during the 4th quarter worth about $26,000. Thompson Investment Management Inc. raised its holdings in Conagra Brands by 100.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Conagra Brands in the 3rd quarter valued at about $33,000. Peoples Bank KS acquired a new stake in Conagra Brands in the 3rd quarter valued at about $47,000. Finally, Quent Capital LLC raised its holdings in Conagra Brands by 313.4% in the 4th quarter. Quent Capital LLC now owns 1,666 shares of the company’s stock valued at $48,000 after acquiring an additional 1,263 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

NYSE:CAG opened at $31.07 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The stock has a market capitalization of $14.85 billion, a P/E ratio of 15.61, a PEG ratio of 3.14 and a beta of 0.42. The company has a 50 day moving average price of $29.23 and a 200 day moving average price of $28.67. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $38.73.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.69 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 company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be given a $0.35 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.40 annualized dividend and a yield of 4.51%. Conagra Brands’s dividend payout ratio is presently 70.35%.

Analysts Set New Price Targets

A number of research firms have commented on CAG. 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. Royal Bank of Canada cut their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, January 3rd. Citigroup increased their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Barclays raised their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company raised their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $33.14.

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.