Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Trajan Wealth LLC

Trajan Wealth LLC raised its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,947 shares of the company's stock after acquiring an additional 16,069 shares during the quarter. Trajan Wealth LLC's holdings in Conagra Brands were worth $4,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in shares of Conagra Brands by 0.6% during the 4th quarter. Bessemer Group Inc. now owns 78,038 shares of the company's stock valued at $2,166,000 after buying an additional 429 shares during the last quarter. Grove Bank & Trust raised its holdings in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after acquiring an additional 447 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Conagra Brands by 1.3% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company's stock valued at $1,030,000 after acquiring an additional 500 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock worth $2,346,000 after acquiring an additional 501 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Conagra Brands by 0.8% in the 4th quarter. Xponance Inc. now owns 65,680 shares of the company's stock worth $1,823,000 after purchasing an additional 505 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Conagra Brands Stock Performance

CAG traded down $0.37 during trading hours on Friday, hitting $24.56. The company's stock had a trading volume of 3,369,592 shares, compared to its average volume of 5,108,963. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The company has a 50-day simple moving average of $25.78 and a 200 day simple moving average of $26.82. The firm has a market capitalization of $11.72 billion, a PE ratio of 24.01, a PEG ratio of 1.76 and a beta of 0.27.

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

Conagra Brands Announces Dividend

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

Conagra Brands 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.