Cerity Partners LLC Buys 212,603 Shares of Conagra Brands, Inc. (NYSE:CAG)

Cerity Partners LLC raised its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 267.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292,219 shares of the company's stock after buying an additional 212,603 shares during the period. Cerity Partners LLC owned 0.06% of Conagra Brands worth $8,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co raised its stake in shares of Conagra Brands by 132.8% during the third quarter. Riverview Trust Co now owns 945 shares of the company's stock worth $26,000 after buying an additional 539 shares during the last quarter. Thompson Investment Management Inc. boosted its holdings in Conagra Brands by 100.0% during the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company's stock worth $27,000 after purchasing an additional 500 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Conagra Brands during the third quarter worth $33,000. Clear Street Markets LLC boosted its holdings in Conagra Brands by 93.2% during the first quarter. Clear Street Markets LLC now owns 935 shares of the company's stock worth $35,000 after purchasing an additional 451 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in Conagra Brands during the second quarter worth $35,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Price Performance

Conagra Brands stock traded up $0.24 during trading hours on Tuesday, reaching $30.00. 5,528,013 shares of the stock were exchanged, compared to its average volume of 5,133,891. The company has a market cap of $14.34 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 2.94 and a beta of 0.41. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. Conagra Brands, Inc. has a twelve month low of $25.16 and a twelve month high of $38.73. The stock has a 50 day moving average of $28.68 and a two-hundred day moving average of $28.46.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. Equities analysts expect that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be paid a $0.35 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.67%. Conagra Brands's payout ratio is currently 70.35%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CAG. Stifel Nicolaus increased their target price on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, April 5th. Royal Bank of Canada dropped their price target on shares of Conagra Brands from $32.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company upped their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, April 5th. Barclays upped their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Finally, Citigroup increased their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.14.

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.