J.W. Cole Advisors Inc. Makes New Investment in Conagra Brands (NYSE:CAG)

J.W. Cole Advisors Inc. bought a new position in shares of Conagra Brands (NYSE:CAG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,592 shares of the company's stock, valued at approximately $1,003,000.

A number of other institutional investors have also modified their holdings of the business. Alpine Bank Wealth Management acquired a new position in Conagra Brands in the first quarter valued at $26,000. Capital Advisors Ltd. LLC increased its position in Conagra Brands by 82.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after acquiring an additional 452 shares during the period. Golden State Wealth Management LLC raised its stake 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 acquiring an additional 741 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Conagra Brands in the first quarter valued at approximately $34,000. Finally, AdvisorNet Financial Inc raised its stake in shares of 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 purchasing an additional 690 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Trading Down 1.6%

CAG traded down $0.31 during trading on Thursday, hitting $19.32. The company's stock had a trading volume of 9,926,101 shares, compared to its average volume of 11,560,979. The firm's 50 day moving average price is $21.26 and its 200-day moving average price is $23.95. Conagra Brands has a twelve month low of $18.67 and a twelve month high of $33.24. The stock has a market cap of $9.23 billion, a PE ratio of 8.08, a PEG ratio of 1.88 and a beta of 0.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.24.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2,781,800 billion for the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company's revenue was down 4.3% on a year-over-year basis. On average, analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, July 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Wednesday, July 30th. Conagra Brands's dividend payout ratio (DPR) is presently 58.58%.

Wall Street Analyst Weigh In

CAG has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on shares of Conagra Brands from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the company a "market perform" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. cut their target price on Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Bank of America lowered Conagra Brands from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $27.00 to $20.00 in a report on Thursday, June 12th. Finally, Royal Bank Of Canada lowered their price target on shares of Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Friday, July 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $22.58.

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.