MCF Advisors LLC Sells 1,450 Shares of Conagra Brands, Inc. (NYSE:CAG)

MCF Advisors LLC lowered its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 48.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,540 shares of the company’s stock after selling 1,450 shares during the quarter. MCF Advisors LLC’s holdings in Conagra Brands were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAG. Thurston Springer Miller Herd & Titak Inc. bought a new position in Conagra Brands in the 4th quarter valued at $28,000. Hexagon Capital Partners LLC grew its position in Conagra Brands by 82.8% during the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after buying an additional 420 shares during the period. Grove Bank & Trust raised its position in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after acquiring an additional 447 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Conagra Brands in the third quarter worth about $47,000. Finally, ST Germain D J Co. Inc. boosted its stake in Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after acquiring an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Down 1.5 %

Shares of NYSE:CAG opened at $25.33 on Thursday. The firm has a fifty day moving average price of $27.12 and a two-hundred day moving average price of $29.19. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.75 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a one year low of $25.14 and a one year high of $33.24.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Analysts anticipate that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is 137.26%.

Analyst Ratings Changes

CAG has been the topic of a number of research reports. Bank of America lowered their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company dropped their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.56.

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.