Choreo LLC Sells 11,453 Shares of Conagra Brands, Inc. (NYSE:CAG)

Choreo LLC decreased its holdings in Conagra Brands, Inc. (NYSE:CAG) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,093 shares of the company’s stock after selling 11,453 shares during the period. Choreo LLC’s holdings in Conagra Brands were worth $1,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC increased its holdings in shares of Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after purchasing an additional 420 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands in the 4th quarter worth $28,000. Grove Bank & Trust increased its holdings in shares of Conagra Brands by 65.4% in 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. Abich Financial Wealth Management LLC bought a new stake in shares of Conagra Brands in the 3rd quarter worth $47,000. Finally, Kennebec Savings Bank bought a new stake in shares of Conagra Brands in the 3rd quarter worth $59,000. Institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Stifel Nicolaus dropped their price target on Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Bank of America dropped their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company dropped their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Finally, Barclays dropped their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Conagra Brands presently has an average rating of “Hold” and a consensus target price of $30.33.

Conagra Brands Price Performance

NYSE CAG opened at $24.82 on Friday. The company has a market capitalization of $11.84 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. 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 business’s fifty day moving average is $26.73 and its 200 day moving average is $28.90. Conagra Brands, Inc. has a fifty-two week low of $24.64 and a fifty-two week high of $33.24.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. Conagra Brands’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Sell-side analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.64%. Conagra Brands’s payout ratio is 137.26%.

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.