D.A. Davidson & CO. lifted its holdings in Conagra Brands Inc (NYSE:CAG) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,996 shares of the company’s stock after purchasing an additional 8,567 shares during the period. D.A. Davidson & CO.’s holdings in Conagra Brands were worth $4,332,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Partners LLC grew its stake in shares of Conagra Brands by 11.7% in the 4th quarter. Advisor Partners LLC now owns 13,388 shares of the company’s stock worth $506,000 after purchasing an additional 1,399 shares during the last quarter. Commonwealth Equity Services Inc grew its stake in shares of Conagra Brands by 2.2% in the 3rd quarter. Commonwealth Equity Services Inc now owns 70,357 shares of the company’s stock worth $2,373,000 after purchasing an additional 1,482 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Conagra Brands by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 23,744 shares of the company’s stock worth $801,000 after purchasing an additional 1,556 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Conagra Brands by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 114,987 shares of the company’s stock worth $3,880,000 after purchasing an additional 1,678 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its stake in shares of Conagra Brands by 11.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 16,310 shares of the company’s stock worth $549,000 after purchasing an additional 1,709 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, November 22nd. Sanford C. Bernstein raised shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Stifel Nicolaus lifted their price objective on shares of Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. UBS Group raised shares of Conagra Brands from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $33.00 to $37.00 in a research note on Tuesday, December 12th. Finally, Credit Suisse Group set a $40.00 price objective on shares of Conagra Brands and gave the stock a “hold” rating in a research note on Monday, December 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.50.
Conagra Brands Inc (CAG) opened at $36.25 on Friday. The firm has a market cap of $14,568.03, a P/E ratio of 19.55, a PEG ratio of 2.35 and a beta of 0.27. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86. Conagra Brands Inc has a 1 year low of $32.16 and a 1 year high of $41.68.
Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.07 billion. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. research analysts predict that Conagra Brands Inc will post 1.93 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be given a $0.213 dividend. This is an increase from Conagra Brands’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, January 29th. Conagra Brands’s dividend payout ratio (DPR) is 50.90%.
In other news, Director Joie A. Gregor sold 5,250 shares of Conagra Brands stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $38.04, for a total value of $199,710.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert G. Wise sold 23,170 shares of Conagra Brands stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $37.87, for a total transaction of $877,447.90. Following the completion of the transaction, the senior vice president now directly owns 51,859 shares in the company, valued at $1,963,900.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,121 shares of company stock worth $5,793,780. 0.79% of the stock is currently owned by insiders.
Conagra Brands Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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