Kestra Private Wealth Services LLC Buys 6,177 Shares of Conagra Brands, Inc. (NYSE:CAG)

Kestra Private Wealth Services LLC grew its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 17.0% in the 4th quarter, Holdings Channel reports. The firm owned 42,423 shares of the company’s stock after acquiring an additional 6,177 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Conagra Brands were worth $1,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Naples Money Management LLC acquired a new position in Conagra Brands in the fourth quarter valued at $26,000. Thompson Investment Management Inc. boosted its position in shares of Conagra Brands by 100.0% during the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Conagra Brands during the third quarter worth approximately $33,000. Parkside Financial Bank & Trust increased its holdings in Conagra Brands by 48.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after purchasing an additional 454 shares in the last quarter. Finally, Peoples Bank KS acquired a new position in Conagra Brands in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $30.59 on Friday. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 3.10 and a beta of 0.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $38.20. The firm’s 50-day simple moving average is $29.45 and its 200 day simple moving average is $28.77.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, April 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, research analysts anticipate that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.58%. The ex-dividend date is Monday, April 29th. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CAG. Barclays raised their price objective on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Wells Fargo & Company upped their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Finally, Citigroup raised their target price on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.14.

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.