Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Triumph Capital Management

Triumph Capital Management grew its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,289 shares of the company’s stock after purchasing an additional 958 shares during the quarter. Triumph Capital Management’s holdings in Conagra Brands were worth $295,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Naples Money Management LLC acquired a new position in shares of Conagra Brands in the 4th quarter worth $26,000. Thompson Investment Management Inc. grew its holdings in shares of Conagra Brands by 100.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Conagra Brands in the 3rd quarter worth $33,000. Parkside Financial Bank & Trust grew its holdings in shares of Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after acquiring an additional 454 shares during the last quarter. Finally, Peoples Bank KS acquired a new position in shares of Conagra Brands in the 3rd quarter worth $47,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAG has been the subject of several recent analyst reports. Barclays raised their target price on Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Royal Bank of Canada reduced their price objective on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 3rd. Citigroup lifted their price objective on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Stifel Nicolaus lifted their price objective on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company raised their target price on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.14.

Conagra Brands Stock Down 0.2 %

NYSE CAG opened at $30.73 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $29.35 and its two-hundred day moving average is $28.74. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 3.09 and a beta of 0.38. Conagra Brands, Inc. has a 1-year low of $25.16 and a 1-year high of $38.73.

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

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands’s dividend payout ratio is 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.