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

Cwm LLC increased its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 329.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,292 shares of the company’s stock after purchasing an additional 63,897 shares during the quarter. Cwm LLC’s holdings in Conagra Brands were worth $2,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAG. Naples Money Management LLC acquired a new position in shares of Conagra Brands in the 4th quarter valued at $26,000. Thompson Investment Management Inc. lifted its position in Conagra Brands by 100.0% in the third 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 position in Conagra Brands in the third quarter valued at $33,000. Quent Capital LLC grew its holdings in shares of Conagra Brands by 313.4% during the fourth quarter. Quent Capital LLC now owns 1,666 shares of the company’s stock worth $48,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Peoples Bank KS acquired a new stake in shares of Conagra Brands during the third quarter worth about $47,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of research reports. Citigroup raised their price target on Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada cut 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 report on Wednesday, January 3rd. Stifel Nicolaus upped their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their price objective 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. Finally, Barclays upped their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.14.

Conagra Brands Stock Down 0.9 %

Shares of NYSE CAG opened at $31.28 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $14.95 billion, a PE ratio of 15.72, a P/E/G ratio of 3.17 and a beta of 0.42. The firm has a fifty day moving average of $29.16 and a 200-day moving average of $28.65. Conagra Brands, Inc. has a 52-week low of $25.16 and a 52-week high of $38.73.

Conagra Brands (NYSE:CAG) last posted its quarterly 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. The firm had revenue of $3.03 billion during 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 firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, analysts anticipate 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 dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a yield of 4.48%. Conagra Brands’s dividend payout ratio (DPR) is 70.35%.

About Conagra Brands

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.