Juncture Wealth Strategies LLC Has $429,000 Stake in Conagra Brands, Inc. (NYSE:CAG)

Juncture Wealth Strategies LLC decreased its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,470 shares of the company’s stock after selling 634 shares during the period. Juncture Wealth Strategies LLC’s holdings in Conagra Brands were worth $429,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its position in Conagra Brands by 82.8% during the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after acquiring an additional 420 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Conagra Brands in the 4th quarter worth about $28,000. Grove Bank & Trust increased its holdings in 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 buying an additional 447 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in Conagra Brands in the 3rd quarter worth about $47,000. Finally, Kennebec Savings Bank bought a new stake in shares of Conagra Brands during the 3rd quarter valued at about $59,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 1.6 %

Shares of CAG opened at $25.75 on Friday. 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 1-year low of $25.06 and a 1-year high of $33.24. The business’s 50-day moving average price is $27.06 and its 200 day moving average price is $29.15. The stock has a market capitalization of $12.29 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.72 and a beta of 0.29.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Analysts expect that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s payout ratio is presently 137.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus dropped their price target on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and a consensus price target of $30.33.

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.