Aull & Monroe Investment Management Corp Sells 2,400 Shares of Conagra Brands, Inc. (NYSE:CAG)

Aull & Monroe Investment Management Corp lessened its holdings in Conagra Brands, Inc. (NYSE:CAG) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,394 shares of the company’s stock after selling 2,400 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Conagra Brands were worth $677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands in the 4th quarter worth about $28,000. Riverview Trust Co bought a new stake in shares of Conagra Brands in the 4th quarter worth about $29,000. Grove Bank & Trust grew its holdings in shares of Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after purchasing an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Conagra Brands in the 4th quarter worth about $41,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Conagra Brands in the 4th quarter worth about $44,000. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CAG shares. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Citigroup decreased 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. Wells Fargo & Company decreased their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.67.

Conagra Brands Stock Down 0.3 %

CAG opened at $25.39 on Thursday. The company has a market capitalization of $12.12 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.76 and a beta of 0.28. The stock has a fifty day moving average of $25.90 and a 200-day moving average of $28.29. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two 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 released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $3.20 billion for 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 business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. On average, equities analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, January 27th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Monday, January 27th. Conagra Brands’s payout ratio is 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.