Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,094 shares of the company’s stock after selling 1,864 shares during the quarter. Greenleaf Trust’s holdings in Conagra Brands were worth $347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co raised its stake in Conagra Brands by 132.8% during the third quarter. Riverview Trust Co now owns 945 shares of the company’s stock valued at $26,000 after buying an additional 539 shares in the last quarter. Naples Money Management LLC acquired a new stake in Conagra Brands during the fourth quarter valued at approximately $26,000. Thompson Investment Management Inc. raised its stake in Conagra Brands by 100.0% during the third 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 in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Conagra Brands during the third quarter valued at approximately $33,000. Finally, Ronald Blue Trust Inc. grew its holdings in shares of Conagra Brands by 134.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $41,000 after purchasing an additional 857 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company upped 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. Citigroup upped their target price on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Royal Bank of Canada lowered their target price on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, January 3rd. Stifel Nicolaus upped their target price on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Barclays upped their target price on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.14.

Conagra Brands Stock Performance

CAG opened at $31.27 on Wednesday. The company has a market capitalization 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 debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. Conagra Brands, Inc. has a 1-year low of $25.16 and a 1-year high of $38.73. The business has a 50 day moving average price of $28.98 and a two-hundred day moving average price of $28.61.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Research analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal 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 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 dividend yield of 4.48%. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

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.