Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its position in Conagra Brands, Inc. (NYSE:CAG) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,107 shares of the company’s stock after acquiring an additional 1,070 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Conagra Brands were worth $197,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CAG. Courier Capital LLC lifted its holdings in shares of Conagra Brands by 1.3% during the third quarter. Courier Capital LLC now owns 27,062 shares of the company’s stock worth $880,000 after purchasing an additional 355 shares during the period. Empirical Finance LLC lifted its holdings in shares of Conagra Brands by 2.3% during the third quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after purchasing an additional 362 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Conagra Brands by 0.7% during the third quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock worth $1,716,000 after purchasing an additional 376 shares during the period. Bridgewater Advisors Inc. lifted its holdings in shares of Conagra Brands by 1.5% during the third quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock worth $820,000 after purchasing an additional 376 shares during the period. Finally, Grove Bank & Trust lifted its holdings in shares of Conagra Brands by 65.4% during the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after purchasing an additional 447 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAG has been the subject of a number of recent analyst reports. Barclays reduced their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Stifel Nicolaus reduced their target price on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday, January 24th. Bank of America reduced their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Citigroup reduced their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.33.

Conagra Brands Trading Down 0.6 %

Shares of CAG stock opened at $24.76 on Thursday. The stock has a market cap of $11.82 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.70 and a beta of 0.28. The business has a fifty day simple moving average of $26.55 and a 200-day simple moving average of $28.79. Conagra Brands, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, analysts forecast that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio is presently 137.26%.

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.