Tower Research Capital LLC TRC Has $1.17 Million Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Tower Research Capital LLC TRC grew its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 112.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,177 shares of the company's stock after purchasing an additional 22,281 shares during the period. Tower Research Capital LLC TRC's holdings in Conagra Brands were worth $1,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CAG. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Conagra Brands during the 4th quarter valued at $28,000. Riverview Trust Co acquired a new stake in shares of Conagra Brands during the fourth quarter valued at $29,000. Grove Bank & Trust increased its position in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Conagra Brands in the 4th quarter valued at about $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands in the 4th quarter valued at about $44,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CAG. The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Barclays boosted their target price on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, April 7th. Finally, Morgan Stanley initiated coverage on shares of Conagra Brands in a research report on Monday, March 24th. They set an "equal weight" rating and a $27.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $27.90.

Conagra Brands Stock Up 1.0 %

Shares of NYSE CAG traded up $0.24 during mid-day trading on Wednesday, reaching $24.58. The company had a trading volume of 1,162,027 shares, compared to its average volume of 5,125,479. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.76 and a beta of 0.27. The stock has a fifty day moving average of $25.78 and a two-hundred day moving average of $26.69.

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

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.70%. Conagra Brands's payout ratio is presently 205.88%.

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.