Telos Capital Management Inc. Buys 1,023 Shares of Conagra Brands, Inc. (NYSE:CAG)

Telos Capital Management Inc. grew its stake in Conagra Brands, Inc. (NYSE:CAG) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,347 shares of the company’s stock after purchasing an additional 1,023 shares during the period. Telos Capital Management Inc.’s holdings in Conagra Brands were worth $239,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its holdings in Conagra Brands by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,348 shares of the company’s stock worth $958,000 after purchasing an additional 310 shares in the last quarter. Equitable Holdings Inc. increased its stake in shares of Conagra Brands by 0.5% in the 1st quarter. Equitable Holdings Inc. now owns 81,085 shares of the company’s stock worth $2,722,000 after acquiring an additional 373 shares in the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of Conagra Brands by 2.9% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 13,726 shares of the company’s stock worth $461,000 after acquiring an additional 388 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Conagra Brands by 1.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 28,498 shares of the company’s stock worth $781,000 after acquiring an additional 393 shares in the last quarter. Finally, Bedel Financial Consulting Inc. increased its stake in shares of Conagra Brands by 4.6% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 9,135 shares of the company’s stock worth $308,000 after acquiring an additional 405 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $30.24 on Thursday. The firm’s 50-day moving average price is $28.72 and its 200-day moving average price is $28.47. 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 company has a market cap of $14.45 billion, a PE ratio of 15.19, a PEG ratio of 3.02 and a beta of 0.42. Conagra Brands, Inc. has a 52-week low of $25.16 and a 52-week high of $38.73.

Conagra Brands (NYSE:CAG) last announced 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 for the quarter, compared to the consensus estimate of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. As a group, analysts anticipate that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands’s payout ratio is 70.35%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Stifel Nicolaus increased their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Royal Bank of Canada cut their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company increased their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Finally, Barclays increased their price objective on shares of Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.14.

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.