Conagra Brands, Inc. (NYSE:CAG) Stake Boosted by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,636 shares of the company's stock after acquiring an additional 62,235 shares during the period. Cetera Investment Advisers' holdings in Conagra Brands were worth $5,318,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CAG. Principal Financial Group Inc. lifted its holdings in shares of Conagra Brands by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 573,789 shares of the company's stock worth $18,660,000 after acquiring an additional 3,597 shares during the period. Czech National Bank raised its holdings in Conagra Brands by 6.0% in the fourth quarter. Czech National Bank now owns 103,483 shares of the company's stock valued at $2,872,000 after buying an additional 5,896 shares during the period. Brookstone Capital Management raised its holdings in Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock valued at $11,085,000 after buying an additional 62,187 shares during the period. Wedmont Private Capital purchased a new position in Conagra Brands in the fourth quarter valued at approximately $702,000. Finally, Miracle Mile Advisors LLC raised its holdings in Conagra Brands by 9.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 42,952 shares of the company's stock valued at $1,192,000 after buying an additional 3,628 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 0.1%

NYSE:CAG traded up $0.03 during trading hours on Monday, hitting $23.01. The stock had a trading volume of 6,217,903 shares, compared to its average volume of 5,300,200. 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, Inc. has a 1-year low of $22.38 and a 1-year high of $33.24. The business has a 50 day simple moving average of $25.01 and a two-hundred day simple moving average of $26.06. The company has a market cap of $10.98 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly 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 return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business posted $0.69 EPS. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. Analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's payout ratio is currently 205.88%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays cut their price target on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Morgan Stanley assumed 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. The Goldman Sachs Group lowered shares of Conagra Brands from a "buy" rating to a "neutral" rating and cut their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.50.

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.