Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Signaturefd LLC

Signaturefd LLC raised its position in Conagra Brands, Inc. (NYSE:CAG) by 36.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,251 shares of the company’s stock after buying an additional 6,774 shares during the quarter. Signaturefd LLC’s holdings in Conagra Brands were worth $724,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. increased its stake in Conagra Brands by 1.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 28,498 shares of the company’s stock valued at $781,000 after buying an additional 393 shares during the period. HM Payson & Co. increased its stake in Conagra Brands by 18.1% in the 3rd quarter. HM Payson & Co. now owns 2,864 shares of the company’s stock valued at $79,000 after buying an additional 439 shares during the period. Blue Trust Inc. increased its stake in Conagra Brands by 31.7% in the 4th quarter. Blue Trust Inc. now owns 1,967 shares of the company’s stock valued at $55,000 after buying an additional 473 shares during the period. Venturi Wealth Management LLC increased its stake in Conagra Brands by 26.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,304 shares of the company’s stock valued at $63,000 after buying an additional 483 shares during the period. Finally, Thompson Investment Management Inc. increased its stake 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 buying an additional 500 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Price Performance

NYSE:CAG opened at $31.27 on Wednesday. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 3.12 and a beta of 0.42. 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 company’s 50-day moving average is $28.98 and its two-hundred day moving average is $28.61. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $38.73.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts expect that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Monday, April 29th. Conagra Brands’s dividend payout ratio is currently 70.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays boosted their target price on shares of 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 decreased their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company boosted their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, April 5th. Citigroup boosted their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.