Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 46,853 shares of the company’s stock after selling 1,168 shares during the quarter. Foster & Motley Inc.’s holdings in Conagra Brands were worth $1,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position in Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Conagra Brands during the 4th quarter worth about $28,000. Grove Bank & Trust lifted its position in Conagra Brands by 65.4% during the 4th 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 acquired a new stake in Conagra Brands during the 3rd quarter worth about $47,000. Finally, Kennebec Savings Bank acquired a new stake in Conagra Brands during the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Shares of Conagra Brands stock opened at $26.30 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a twelve month low of $25.06 and a twelve month high of $33.24. The business has a 50-day moving average price of $27.00 and a 200 day moving average price of $29.08. The firm has a market cap of $12.55 billion, a PE ratio of 25.78, a P/E/G ratio of 1.72 and a beta of 0.29.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data 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 company 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 business earned $0.71 EPS. Conagra Brands’s quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.32%. Conagra Brands’s dividend payout ratio (DPR) is currently 137.26%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAG. Bank of America decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Citigroup decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. 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. 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Conagra Brands currently has an average rating of “Hold” and a consensus price target of $30.33.

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.