Larson Financial Group LLC Has $105,000 Holdings in Conagra Brands, Inc. (NYSE:CAG)

Larson Financial Group LLC boosted its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 79.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,777 shares of the company’s stock after buying an additional 1,678 shares during the period. Larson Financial Group LLC’s holdings in Conagra Brands were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAG. Pacer Advisors Inc. raised its holdings in Conagra Brands by 21,015.0% during the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after buying an additional 10,604,367 shares during the period. Two Sigma Advisers LP raised its holdings in Conagra Brands by 106.4% during the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock worth $197,624,000 after buying an additional 3,133,200 shares during the period. Holocene Advisors LP acquired a new stake in Conagra Brands during the 3rd quarter worth about $65,932,000. State Street Corp increased its holdings in shares of Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after purchasing an additional 1,691,945 shares during the period. Finally, Ilex Capital Partners UK LLP acquired a new position in shares of Conagra Brands in the 3rd quarter valued at about $46,990,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup 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 Wednesday, December 11th. The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $26.00 in a report on Monday, February 24th. Barclays dropped their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus dropped their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Conagra Brands presently has an average rating of “Hold” and an average target price of $28.33.

Conagra Brands Trading Down 3.3 %

Shares of NYSE CAG opened at $26.71 on Wednesday. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.76 and a beta of 0.18. The business has a 50 day simple moving average of $25.80 and a 200 day simple moving average of $28.15. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. 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 (NYSE:CAG) last announced its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, research analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, January 27th were given a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 5.24%. Conagra Brands’s 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.