Arkadios Wealth Advisors Acquires 600 Shares of Conagra Brands, Inc. (NYSE:CAG)

Arkadios Wealth Advisors boosted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 53,369 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Arkadios Wealth Advisors’ holdings in Conagra Brands were worth $1,481,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CAG. Hexagon Capital Partners LLC increased its position in shares of Conagra Brands by 82.8% during 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. acquired a new stake in shares of Conagra Brands during the fourth quarter worth approximately $28,000. Abich Financial Wealth Management LLC bought a new position in shares of Conagra Brands in the third quarter valued at approximately $47,000. Kennebec Savings Bank acquired a new position in shares of Conagra Brands in the 3rd quarter worth approximately $59,000. Finally, Quarry LP grew its position in Conagra Brands by 229.7% during the 3rd quarter. Quarry LP now owns 1,820 shares of the company’s stock worth $59,000 after acquiring an additional 1,268 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Citigroup decreased their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Barclays decreased their price target on shares of 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.56.

Conagra Brands Trading Up 0.1 %

CAG opened at $25.83 on Monday. The firm has a 50 day simple moving average of $27.25 and a 200 day simple moving average of $29.25. Conagra Brands, Inc. has a fifty-two week low of $25.35 and a fifty-two week high of $33.24. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

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

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is currently 137.25%.

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.