Secure Asset Management LLC Has $1.59 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

Secure Asset Management LLC raised its position in Conagra Brands, Inc. (NYSE:CAG) by 15.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,411 shares of the company’s stock after purchasing an additional 7,856 shares during the period. Secure Asset Management LLC’s holdings in Conagra Brands were worth $1,593,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Courier Capital LLC boosted its position in Conagra Brands by 1.3% during the third quarter. Courier Capital LLC now owns 27,062 shares of the company’s stock valued at $880,000 after acquiring an additional 355 shares during the last quarter. CWM LLC lifted its stake in shares of Conagra Brands by 0.4% in the 3rd quarter. CWM LLC now owns 87,222 shares of the company’s stock valued at $2,836,000 after purchasing an additional 359 shares during the period. Empirical Finance LLC boosted its position in shares of Conagra Brands by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock valued at $533,000 after purchasing an additional 362 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Conagra Brands by 0.7% during the third quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock worth $1,716,000 after purchasing an additional 376 shares during the period. Finally, Bridgewater Advisors Inc. grew its stake in Conagra Brands by 1.5% during the third quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock worth $820,000 after purchasing an additional 376 shares during the period. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Up 0.2 %

Shares of NYSE:CAG opened at $25.35 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average price is $27.08 and its 200-day moving average price is $29.17. The stock has a market capitalization of $12.10 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.74 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.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. Conagra Brands’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 EPS. On average, equities analysts anticipate that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be issued a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.52%. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Bank of America dropped their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, 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. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Conagra Brands has an average rating of “Hold” and a consensus target price of $30.56.

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.