Cwm LLC Purchases 63,897 Shares of Conagra Brands, Inc. (NYSE:CAG)

CWM LLC grew its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 329.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,292 shares of the company's stock after purchasing an additional 63,897 shares during the quarter. CWM LLC's holdings in Conagra Brands were worth $2,387,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Naples Money Management LLC bought a new stake in Conagra Brands in the 4th quarter valued at $26,000. Thompson Investment Management Inc. lifted its stake in shares of Conagra Brands by 100.0% in the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company's stock valued at $27,000 after buying an additional 500 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Conagra Brands during the third quarter worth about $33,000. Peoples Bank KS bought a new position in Conagra Brands during the third quarter valued at about $47,000. Finally, Quent Capital LLC increased its position in shares of Conagra Brands by 313.4% during the fourth quarter. Quent Capital LLC now owns 1,666 shares of the company's stock valued at $48,000 after purchasing an additional 1,263 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Conagra Brands Stock Performance

Conagra Brands stock traded down $0.20 during midday trading on Friday, reaching $31.07. 3,321,823 shares of the company's stock were exchanged, compared to its average volume of 5,088,096. The stock's 50-day simple moving average is $29.23 and its 200 day simple moving average is $28.67. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 3.17 and a beta of 0.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $38.73.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings data on Thursday, April 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. On average, analysts expect that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Monday, April 29th. Conagra Brands's dividend payout ratio is presently 70.35%.

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.