Conagra Brands (NYSE:CAG) Given Consensus Recommendation of "Hold" by Analysts

Conagra Brands (NYSE:CAG - Get Free Report) has received a consensus rating of "Hold" from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $25.36.

A number of equities research analysts have recently commented on CAG shares. UBS Group started coverage on Conagra Brands in a research note on Monday, June 16th. They set a "neutral" rating and a $22.00 target price on the stock. The Goldman Sachs Group cut Conagra Brands from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $26.00 to $21.00 in a research note on Monday, June 9th. JPMorgan Chase & Co. lowered their target price 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 $27.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Finally, Morgan Stanley began coverage on Conagra Brands in a research note on Monday, March 24th. They set an "equal weight" rating and a $27.00 target price on the stock.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $20.39 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 0.71. The stock's fifty day simple moving average is $22.79 and its two-hundred day simple moving average is $24.95. Conagra Brands has a 1-year low of $20.26 and a 1-year high of $33.24. The stock has a market cap of $9.73 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.52 and a beta of 0.14.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a return on equity of 12.94% and a net margin of 2.80%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, April 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend was Monday, April 28th. Conagra Brands's dividend payout ratio (DPR) is currently 205.88%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new position in Conagra Brands during the 1st quarter valued at about $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Conagra Brands during the 1st quarter valued at about $27,000. Capital Advisors Ltd. LLC grew its holdings in Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after buying an additional 452 shares in the last quarter. Riverview Trust Co purchased a new position in Conagra Brands during the 4th quarter valued at about $29,000. Finally, Golden State Wealth Management LLC grew its holdings in Conagra Brands by 235.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock valued at $28,000 after buying an additional 741 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

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.

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