J.W. Cole Advisors Inc. Acquires Shares of 37,592 Conagra Brands (NYSE:CAG)

J.W. Cole Advisors Inc. acquired a new stake in shares of Conagra Brands (NYSE:CAG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,592 shares of the company's stock, valued at approximately $1,003,000.

Other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Conagra Brands during the first quarter valued at $26,000. 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 during the last quarter. Golden State Wealth Management LLC lifted its position 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 valued at $28,000 after purchasing an additional 741 shares during the last quarter. Wayfinding Financial LLC bought a new position in Conagra Brands during the first quarter valued at $34,000. Finally, AdvisorNet Financial Inc lifted its position in Conagra Brands by 86.1% during the first quarter. AdvisorNet Financial Inc now owns 1,491 shares of the company's stock valued at $40,000 after purchasing an additional 690 shares during the last quarter. Institutional investors own 83.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Barclays reduced 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. Bank of America downgraded 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 research report on Thursday, June 12th. Finally, Royal Bank Of Canada cut their target price on shares of Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Friday, July 11th. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $22.58.

Conagra Brands Stock Performance

CAG stock traded down $0.09 during trading on Friday, reaching $19.22. The company had a trading volume of 8,407,872 shares, compared to its average volume of 11,661,483. The firm has a 50-day simple moving average of $21.18 and a 200-day simple moving average of $23.88. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.84 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 has a twelve month low of $18.67 and a twelve month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.05). The company had revenue of $2,781,800 billion during the quarter, compared to analyst estimates of $2.88 billion. Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. As a group, sell-side analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, July 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend is Wednesday, July 30th. Conagra Brands's dividend payout ratio (DPR) is presently 58.58%.

About Conagra Brands

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.