Conagra Brands, Inc. (NYSE:CAG) Receives $27.80 Average PT from Analysts

Shares of Conagra Brands, Inc. (NYSE:CAG - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven research firms that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.50.

Several analysts recently weighed in on CAG shares. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and cut their price target for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Barclays cut their price target on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday. Stifel Nicolaus cut their price target 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. JPMorgan Chase & Co. reduced 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 note on Tuesday, May 6th. Finally, Wells Fargo & Company reduced 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 note on Tuesday, February 18th.

Conagra Brands Stock Up 0.8%

Shares of NYSE:CAG traded up $0.18 during trading on Friday, hitting $22.63. The stock had a trading volume of 1,435,816 shares, compared to its average volume of 5,262,534. Conagra Brands has a 12 month low of $22.38 and a 12 month high of $33.24. The company has a market capitalization of $10.80 billion, a PE ratio of 22.22, a PEG ratio of 1.76 and a beta of 0.18. The firm's fifty day moving average is $25.24 and its 200 day moving average is $26.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm's revenue was down 6.3% on a year-over-year basis. Analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 6.19%. Conagra Brands's dividend payout ratio is 205.88%.

Institutional Trading of Conagra Brands

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in shares of Conagra Brands by 0.6% in the 4th quarter. Bessemer Group Inc. now owns 78,038 shares of the company's stock worth $2,166,000 after buying an additional 429 shares during the last quarter. Grove Bank & Trust boosted its stake 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 buying an additional 447 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Conagra Brands by 3.2% in the first quarter. Beacon Investment Advisory Services Inc. now owns 14,548 shares of the company's stock worth $388,000 after buying an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after purchasing an additional 452 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its position in Conagra Brands by 1.3% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company's stock valued at $1,030,000 after purchasing an additional 500 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

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.