IFP Advisors Inc Increases Stock Holdings in Conagra Brands (NYSE:CAG)

IFP Advisors Inc boosted its position in shares of Conagra Brands (NYSE:CAG - Free Report) by 32.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,790 shares of the company's stock after buying an additional 33,087 shares during the period. IFP Advisors Inc's holdings in Conagra Brands were worth $3,624,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Conagra Brands during the first quarter worth $26,000. Capital Advisors Ltd. LLC grew its holdings in Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock worth $27,000 after acquiring an additional 452 shares during the period. Golden State Wealth Management LLC grew its holdings in Conagra Brands by 235.2% during the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock worth $28,000 after acquiring an additional 741 shares during the period. Wayfinding Financial LLC acquired a new position in Conagra Brands during the first quarter worth $34,000. Finally, AdvisorNet Financial Inc grew its holdings in Conagra Brands by 86.1% during the first quarter. AdvisorNet Financial Inc now owns 1,491 shares of the company's stock worth $40,000 after acquiring an additional 690 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CAG shares. Sanford C. Bernstein set a $21.00 target price on Conagra Brands and gave the company a "market perform" rating in a report on Friday, July 11th. Royal Bank Of Canada lowered their target price on Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a report on Friday, July 11th. Evercore ISI lowered their target price on Conagra Brands from $26.00 to $24.00 and set an "in-line" rating on the stock in a report on Friday, July 11th. Barclays lowered their target price on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, 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 report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $22.58.

Conagra Brands Trading Down 1.8%

NYSE CAG traded down $0.34 during trading hours on Monday, hitting $18.74. 14,157,904 shares of the company's stock were exchanged, compared to its average volume of 6,145,274. The business's 50 day moving average is $21.54 and its 200-day moving average is $24.13. Conagra Brands has a 12-month low of $18.68 and a 12-month high of $33.24. The firm has a market capitalization of $8.94 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.82 and a beta of 0.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.24 and a current ratio of 0.71.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%. The business had revenue of $2,781,800 billion for the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter last year, the company posted $0.61 earnings per share. The business's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts anticipate 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 will be paid on Thursday, August 28th. Stockholders of record on Wednesday, July 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.47%. Conagra Brands's dividend payout ratio (DPR) is 58.58%.

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.