NBC Securities Inc. Sells 1,778 Shares of Conagra Brands, Inc. (NYSE:CAG)

NBC Securities Inc. lowered its position in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,436 shares of the company’s stock after selling 1,778 shares during the quarter. NBC Securities Inc.’s holdings in Conagra Brands were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CAG. HM Payson & Co. boosted its holdings in shares of 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 last quarter. Parkside Financial Bank & Trust boosted 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 valued at $40,000 after buying an additional 454 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 last quarter. Venturi Wealth Management LLC boosted its holdings in shares of 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 last quarter. Finally, Stonegate Investment Group LLC raised its stake in Conagra Brands by 6.5% in the 4th quarter. Stonegate Investment Group LLC now owns 8,165 shares of the company’s stock valued at $234,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Down 1.9 %

CAG stock opened at $30.42 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 3.11 and a beta of 0.38. The business’s fifty day moving average price is $29.95 and its two-hundred day moving average price is $28.99. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $36.72.

Conagra Brands (NYSE:CAGGet Free Report) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.69 EPS 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 company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the business earned $0.76 earnings per share. Conagra Brands’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that Conagra Brands, Inc. will post 2.62 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Monday, April 29th. Conagra Brands’s payout ratio is currently 70.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CAG shares. Barclays increased their price target on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price target on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Stifel Nicolaus increased their price target on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, Citigroup increased their price target on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.14.

Get Our Latest Analysis on Conagra Brands

About Conagra Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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