Conagra Brands, Inc. (NYSE:CAG) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC reduced its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 50.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,286 shares of the company’s stock after selling 15,749 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Conagra Brands were worth $424,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Greenleaf Trust lifted its holdings in shares of Conagra Brands by 9.5% during the 4th quarter. Greenleaf Trust now owns 13,866 shares of the company’s stock valued at $385,000 after acquiring an additional 1,206 shares in the last quarter. Swedbank AB raised its position in Conagra Brands by 23.6% in the fourth quarter. Swedbank AB now owns 833,542 shares of the company’s stock valued at $23,131,000 after purchasing an additional 159,077 shares during the period. Forsta AP Fonden lifted its stake in shares of Conagra Brands by 8.9% during the fourth quarter. Forsta AP Fonden now owns 123,600 shares of the company’s stock worth $3,430,000 after purchasing an additional 10,100 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Conagra Brands in the fourth quarter worth about $238,000. Finally, Stonegate Investment Group LLC grew its stake in shares of Conagra Brands by 24.6% in the fourth quarter. Stonegate Investment Group LLC now owns 31,262 shares of the company’s stock valued at $868,000 after buying an additional 6,165 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

CAG opened at $25.89 on Monday. The company has a market capitalization of $12.36 billion, a P/E ratio of 25.38, a PEG ratio of 1.76 and a beta of 0.28. The company has a 50-day moving average of $26.97 and a 200-day moving average of $29.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 1-year low of $25.06 and a 1-year high of $33.24.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating 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 firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Conagra Brands’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors 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 yield of 5.41%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America reduced their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price 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. Barclays lowered their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and a consensus target price of $30.33.

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.