Conagra Brands (NYSE:CAG) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in shares of Conagra Brands (NYSE:CAG - Free Report) by 44.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,203 shares of the company's stock after purchasing an additional 32,525 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Conagra Brands were worth $2,832,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Conagra Brands during the 1st quarter valued at approximately $26,000. Capital Advisors Ltd. LLC increased its holdings in shares of 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 purchasing an additional 452 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 741 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Conagra Brands during the 1st quarter valued at approximately $34,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Conagra Brands by 86.1% during the 1st quarter. AdvisorNet Financial Inc now owns 1,491 shares of the company's stock valued at $40,000 after purchasing an additional 690 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Price Performance

CAG traded down $0.24 on Wednesday, hitting $20.41. 12,734,339 shares of the company's stock were exchanged, compared to its average volume of 5,840,479. Conagra Brands has a fifty-two week low of $20.23 and a fifty-two week high of $33.24. 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 firm has a 50-day moving average price of $22.22 and a 200-day moving average price of $24.62. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 1.55 and a beta of 0.11.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, July 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.86%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAG. Bank of America lowered shares of Conagra Brands from a "neutral" rating to an "underperform" rating and cut their target price for the company from $27.00 to $20.00 in a report on Thursday, June 12th. UBS Group dropped their price target on shares of Conagra Brands from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. The Goldman Sachs Group cut shares of Conagra Brands from a "neutral" rating to a "sell" rating and dropped their price target for the company from $26.00 to $21.00 in a research note on Monday, June 9th. Morgan Stanley set a $22.00 price target on shares of Conagra Brands in a research note on Monday. Finally, Barclays dropped their price target on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Conagra Brands currently has a consensus rating of "Hold" and an average price target of $24.73.

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.