Triumph Capital Management Purchases 20,693 Shares of Conagra Brands, Inc. (NYSE:CAG)

Triumph Capital Management grew its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 169.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,882 shares of the company's stock after purchasing an additional 20,693 shares during the quarter. Triumph Capital Management's holdings in Conagra Brands were worth $912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAG. Norges Bank bought a new stake in shares of Conagra Brands during the fourth quarter worth $168,877,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Conagra Brands during the fourth quarter worth $110,704,000. Invesco Ltd. raised its position in shares of Conagra Brands by 18.5% during the fourth quarter. Invesco Ltd. now owns 11,161,355 shares of the company's stock worth $309,728,000 after acquiring an additional 1,745,319 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Conagra Brands by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company's stock worth $1,631,671,000 after acquiring an additional 1,132,839 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Conagra Brands by 114.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,927,141 shares of the company's stock worth $53,478,000 after acquiring an additional 1,028,631 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Analyst Ratings Changes

CAG has been the subject of a number of recent research reports. Barclays dropped their target price on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Stifel Nicolaus dropped their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered Conagra Brands from a "buy" rating to a "neutral" rating and cut their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, Morgan Stanley initiated coverage on Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands presently has a consensus rating of "Hold" and a consensus price target of $27.50.

Conagra Brands Trading Up 0.4%

Shares of Conagra Brands stock traded up $0.09 during trading hours on Friday, hitting $22.40. The company's stock had a trading volume of 6,785,018 shares, compared to its average volume of 5,376,519. Conagra Brands, Inc. has a 12 month low of $21.98 and a 12 month high of $33.24. The stock has a 50 day moving average of $24.74 and a 200 day moving average of $25.93. The company has a market capitalization of $10.69 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm's revenue was down 6.3% compared to the same quarter last year. Analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a dividend yield of 6.25%. Conagra Brands's dividend payout ratio (DPR) is currently 205.88%.

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.