Cantor Fitzgerald Investment Advisors L.P. Grows Stock Position in Conagra Brands (NYSE:CAG)

Cantor Fitzgerald Investment Advisors L.P. raised its position in Conagra Brands (NYSE:CAG - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,207 shares of the company's stock after buying an additional 21,876 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned about 0.07% of Conagra Brands worth $9,127,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in Conagra Brands by 104.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,793,701 shares of the company's stock valued at $49,776,000 after acquiring an additional 914,820 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Conagra Brands in the fourth quarter valued at approximately $558,000. Proficio Capital Partners LLC bought a new stake in shares of Conagra Brands in the fourth quarter valued at approximately $2,035,000. Inspire Advisors LLC lifted its stake in shares of Conagra Brands by 18.4% during the 4th quarter. Inspire Advisors LLC now owns 63,249 shares of the company's stock valued at $1,755,000 after buying an additional 9,838 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Conagra Brands in the 4th quarter worth approximately $5,034,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CAG. Bank of America cut shares of Conagra Brands from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $27.00 to $20.00 in a report on Thursday, June 12th. Wells Fargo & Company cut their target price on Conagra Brands from $27.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Barclays decreased their price target on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. UBS Group started coverage on shares of Conagra Brands in a report on Monday. They issued a "neutral" rating and a $22.00 price target on the stock. Finally, The Goldman Sachs Group cut shares of Conagra Brands from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $26.00 to $21.00 in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Conagra Brands currently has an average rating of "Hold" and an average price target of $25.36.

Conagra Brands Stock Down 0.3%

Shares of NYSE:CAG opened at $21.49 on Friday. The firm has a market capitalization of $10.26 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.58 and a beta of 0.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.23 and a current ratio of 0.69. Conagra Brands has a 52-week low of $21.18 and a 52-week high of $33.24. The firm has a fifty day moving average of $23.34 and a 200 day moving average of $25.24.

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

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, April 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend was Monday, April 28th. Conagra Brands's payout ratio is presently 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.

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