Captrust Financial Advisors Sells 8,167 Shares of Conagra Brands, Inc. (NYSE:CAG)

Captrust Financial Advisors lowered its position in Conagra Brands, Inc. (NYSE:CAG) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,244 shares of the company’s stock after selling 8,167 shares during the period. Captrust Financial Advisors’ holdings in Conagra Brands were worth $2,560,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Conagra Brands by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company’s stock valued at $1,631,671,000 after buying an additional 1,132,839 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Conagra Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,745,629 shares of the company’s stock valued at $325,096,000 after acquiring an additional 231,477 shares during the last quarter. Invesco Ltd. lifted its holdings in Conagra Brands by 18.5% during the fourth quarter. Invesco Ltd. now owns 11,161,355 shares of the company’s stock worth $309,728,000 after acquiring an additional 1,745,319 shares during the period. Norges Bank purchased a new position in Conagra Brands in the fourth quarter worth $168,877,000. Finally, Bank of New York Mellon Corp grew its stake in Conagra Brands by 13.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,462,414 shares of the company’s stock valued at $151,582,000 after purchasing an additional 642,806 shares during the period. 83.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAG has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley started coverage on shares of Conagra Brands in a report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Conagra Brands from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays upped their price target on Conagra Brands from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 7th. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Conagra Brands currently has an average rating of “Hold” and an average target price of $27.80.

Conagra Brands Price Performance

Conagra Brands stock opened at $23.11 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a one year low of $22.78 and a one year high of $33.24. The firm has a market capitalization of $11.03 billion, a P/E ratio of 22.66, a PEG ratio of 1.76 and a beta of 0.18. The business has a fifty day moving average price of $25.44 and a 200-day moving average price of $26.33.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands’s payout ratio is 205.88%.

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.