Capstone Triton Financial Group LLC Purchases 535 Shares of Conagra Brands, Inc. (NYSE:CAG)

Capstone Triton Financial Group LLC grew its position in Conagra Brands, Inc. (NYSE:CAG) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,860 shares of the company’s stock after purchasing an additional 535 shares during the period. Capstone Triton Financial Group LLC’s holdings in Conagra Brands were worth $995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAG. Norges Bank acquired a new position in Conagra Brands in the fourth quarter valued at about $168,877,000. Massachusetts Financial Services Co. MA bought a new stake in Conagra Brands during the 4th quarter worth approximately $110,704,000. Two Sigma Advisers LP lifted its stake in Conagra Brands by 33.9% in the fourth quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company’s stock valued at $225,746,000 after buying an additional 2,058,000 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Conagra Brands by 51.6% during the fourth quarter. Deutsche Bank AG now owns 5,664,293 shares of the company’s stock worth $157,184,000 after acquiring an additional 1,928,883 shares during the period. Finally, Invesco Ltd. increased its holdings in Conagra Brands by 18.5% during the 4th quarter. Invesco Ltd. now owns 11,161,355 shares of the company’s stock worth $309,728,000 after purchasing an additional 1,745,319 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAG has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective 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. Morgan Stanley began coverage on 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. The Goldman Sachs Group lowered 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 research report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their target price on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Conagra Brands has an average rating of “Hold” and an average target price of $27.50.

Conagra Brands Stock Up 2.2%

CAG stock opened at $22.90 on Wednesday. The firm has a market capitalization of $10.93 billion, a PE ratio of 22.45, a PEG ratio of 1.76 and a beta of 0.18. The business’s 50 day simple moving average is $24.61 and its 200 day simple moving average is $25.83. Conagra Brands, Inc. has a 1-year low of $21.98 and a 1-year high of $33.24. 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 (NYSE:CAG) last announced its earnings results 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 firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. Conagra Brands’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, research analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be given a $0.35 dividend. The ex-dividend date is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.11%. Conagra Brands’s payout ratio is presently 205.88%.

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.