1,582 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in Conagra Brands, Inc. (NYSE:CAG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,582 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Conagra Brands during the 4th quarter valued at approximately $28,000. Grove Bank & Trust lifted its stake in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after buying an additional 447 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands during the third quarter valued at $47,000. ST Germain D J Co. Inc. grew its position in shares of Conagra Brands by 36.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $55,000 after acquiring an additional 529 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Conagra Brands in the 3rd quarter worth about $59,000. 83.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

CAG has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. cut their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Stifel Nicolaus cut their price objective on shares of Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.33.

Conagra Brands Trading Up 1.0 %

Shares of CAG stock opened at $25.00 on Friday. The stock has a 50-day simple moving average of $26.50 and a 200 day simple moving average of $28.76. The stock has a market capitalization of $11.93 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.70 and a beta of 0.28. 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 announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio is presently 137.25%.

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.