Premier Path Wealth Partners LLC Has $1.26 Million Position in Conagra Brands, Inc. (NYSE:CAG)

Premier Path Wealth Partners LLC boosted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,388 shares of the company’s stock after buying an additional 4,677 shares during the period. Premier Path Wealth Partners LLC’s holdings in Conagra Brands were worth $1,260,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CAG. Pacer Advisors Inc. boosted its stake 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 valued at $346,495,000 after purchasing an additional 10,604,367 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Conagra Brands by 106.4% during the third quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock valued at $197,624,000 after buying an additional 3,133,200 shares during the last quarter. Marshall Wace LLP grew its holdings in Conagra Brands by 1,362.6% during the second quarter. Marshall Wace LLP now owns 2,406,743 shares of the company’s stock worth $68,400,000 after buying an additional 2,242,186 shares in the last quarter. Holocene Advisors LP bought a new stake in Conagra Brands during the third quarter worth $65,932,000. Finally, State Street Corp raised its position in 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 buying an additional 1,691,945 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAG. Citigroup cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Barclays cut their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Bank of America decreased their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and a consensus price target of $30.56.

Conagra Brands Price Performance

Conagra Brands stock opened at $25.83 on Friday. The business’s 50 day simple moving average is $27.25 and its 200 day simple moving average is $29.24. Conagra Brands, Inc. has a 12 month low of $25.35 and a 12 month high of $33.24. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.76 and a beta of 0.29. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.42%. Conagra Brands’s payout ratio is 137.26%.

Conagra Brands 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.