Rothschild Investment LLC Reduces Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Rothschild Investment LLC decreased its position in Conagra Brands, Inc. (NYSE:CAG) by 61.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,379 shares of the company’s stock after selling 15,221 shares during the period. Rothschild Investment LLC’s holdings in Conagra Brands were worth $260,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CAG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Conagra Brands during the 4th quarter worth about $28,000. Grove Bank & Trust lifted its stake in 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 last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Conagra Brands during the 4th quarter worth approximately $44,000. Abich Financial Wealth Management LLC acquired a new stake in Conagra Brands during the 3rd quarter worth $47,000. Finally, Asset Planning Inc purchased a new stake in shares of Conagra Brands in the 4th quarter valued at about $53,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CAG shares. Bank of America dropped their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Stifel Nicolaus lowered their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Friday, December 20th. Finally, The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.67.

Conagra Brands Stock Up 1.1 %

Shares of CAG opened at $26.12 on Wednesday. The firm has a market cap of $12.47 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The company’s fifty day moving average is $26.07 and its two-hundred day moving average is $28.46. Conagra Brands, Inc. has a fifty-two week low of $23.06 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 issued its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company 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 $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio is currently 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.