Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in Conagra Brands, Inc. (NYSE:CAG) by 24.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,262 shares of the company’s stock after buying an additional 6,165 shares during the quarter. Stonegate Investment Group LLC’s holdings in Conagra Brands were worth $868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after acquiring an additional 10,604,367 shares during the period. Two Sigma Advisers LP grew its position in Conagra Brands by 106.4% in the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock worth $197,624,000 after purchasing an additional 3,133,200 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Conagra Brands in the third quarter valued at approximately $65,932,000. State Street Corp raised its holdings in shares of Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after buying an additional 1,691,945 shares during the last quarter. Finally, Ilex Capital Partners UK LLP bought a new stake in shares of Conagra Brands during the third quarter valued at approximately $46,990,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Down 2.3 %

CAG stock opened at $25.62 on Wednesday. The firm has a market cap of $12.23 billion, a PE ratio of 25.11, a P/E/G ratio of 1.72 and a beta of 0.29. Conagra Brands, Inc. has a 12 month low of $25.06 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $27.04 and a 200 day simple moving average of $29.12.

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

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be paid a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 5.47%. Conagra Brands’s dividend payout ratio is currently 137.26%.

Analysts Set New Price Targets

Several research firms recently commented on CAG. Wells Fargo & Company lowered their target price on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Seven equities research 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 stock. According to data from MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and a consensus target price of $30.33.

Conagra Brands 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.