Sawtooth Solutions LLC Invests $382,000 in Conagra Brands, Inc. (NYSE:CAG)

Sawtooth Solutions LLC acquired a new position in shares of Conagra Brands, Inc. (NYSE:CAG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,282 shares of the company’s stock, valued at approximately $382,000.

Other large investors also recently bought and sold shares of the company. AGF Investments LLC acquired a new stake in shares of Conagra Brands during the second quarter worth $34,000. Strategic Blueprint LLC acquired a new stake in shares of Conagra Brands during the second quarter worth $37,000. Ellevest Inc. lifted its stake in shares of Conagra Brands by 161.2% during the third quarter. Ellevest Inc. now owns 1,097 shares of the company’s stock worth $37,000 after buying an additional 677 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Conagra Brands by 37.5% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,100 shares of the company’s stock worth $40,000 after buying an additional 300 shares during the period. Finally, CVA Family Office LLC lifted its position in Conagra Brands by 177.3% during the third quarter. CVA Family Office LLC now owns 1,345 shares of the company’s stock valued at $48,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 84.14% of the company’s stock.

CAG has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded shares of Conagra Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $41.00 to $38.00 in a research report on Friday, October 8th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Conagra Brands from $36.00 to $35.00 in a research report on Friday, January 7th. UBS Group downgraded shares of Conagra Brands from a “buy” rating to a “sell” rating in a research report on Friday, October 8th. Credit Suisse Group upgraded shares of Conagra Brands from an “underperform” rating to a “neutral” rating and set a $34.00 target price for the company in a research report on Wednesday, September 29th. Finally, Morgan Stanley boosted their target price on shares of Conagra Brands from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, January 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Hold” and an average target price of $36.78.

Shares of Conagra Brands stock opened at $35.11 on Friday. The firm has a 50-day simple moving average of $32.75 and a two-hundred day simple moving average of $33.41. The company has a market cap of $16.84 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.85. Conagra Brands, Inc. has a fifty-two week low of $30.44 and a fifty-two week high of $39.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.36 and a current ratio of 0.93.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, January 6th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.02 billion. Conagra Brands had a return on equity of 12.75% and a net margin of 9.82%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Equities research analysts forecast that Conagra Brands, Inc. will post 2.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 2nd. Stockholders of record on Monday, January 31st will be paid a dividend of $0.3125 per share. The ex-dividend date is Friday, January 28th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.56%. Conagra Brands’s dividend payout ratio is currently 54.82%.

Conagra Brands Profile

Conagra Brands, Inc engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; and Foodservice. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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