IRON Financial LLC Increases Stock Position in Conagra Brands, Inc. (NYSE:CAG)

IRON Financial LLC raised its position in Conagra Brands, Inc. (NYSE:CAG) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,924 shares of the company’s stock after buying an additional 718 shares during the period. IRON Financial LLC’s holdings in Conagra Brands were worth $692,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Courier Capital LLC grew its position in shares of Conagra Brands by 1.3% during the 3rd 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 period. CWM LLC grew its holdings in Conagra Brands by 0.4% in the third 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 increased its position in shares of Conagra Brands by 2.3% in the third quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock valued at $533,000 after buying an additional 362 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Conagra Brands by 0.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock worth $1,716,000 after buying an additional 376 shares during the period. Finally, Bridgewater Advisors Inc. lifted its position in shares of Conagra Brands by 1.5% during the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock valued at $820,000 after buying an additional 376 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CAG shares. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company reduced their price target on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus reduced their target price on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. 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. Based on data from MarketBeat.com, Conagra Brands has an average rating of “Hold” and a consensus price target of $30.33.

Conagra Brands Stock Up 1.5 %

Shares of CAG opened at $26.17 on Tuesday. The stock has a fifty day simple moving average of $27.05 and a two-hundred day simple moving average of $29.14. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $12.49 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.72 and a beta of 0.29. Conagra Brands, Inc. has a 52-week low of $25.06 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.15 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. Conagra Brands’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Dividend Announcement

The firm 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. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.35%. Conagra Brands’s payout ratio is 137.26%.

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.