BSW Wealth Partners Sells 2,380 Shares of Conagra Brands, Inc. (NYSE:CAG)

BSW Wealth Partners cut its holdings in Conagra Brands, Inc. (NYSE:CAG) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,826 shares of the company’s stock after selling 2,380 shares during the period. BSW Wealth Partners’ holdings in Conagra Brands were worth $273,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Courier Capital LLC increased its position in Conagra Brands by 1.3% in the 3rd quarter. Courier Capital LLC now owns 27,062 shares of the company’s stock worth $880,000 after buying an additional 355 shares during the period. CWM LLC increased its position in Conagra Brands by 0.4% during the third quarter. CWM LLC now owns 87,222 shares of the company’s stock worth $2,836,000 after acquiring an additional 359 shares during the period. Empirical Finance LLC increased its position in Conagra Brands by 2.3% during the third quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after acquiring an additional 362 shares during the period. Arkadios Wealth Advisors raised its stake in Conagra Brands by 0.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock valued at $1,716,000 after purchasing an additional 376 shares during the last quarter. Finally, Bridgewater Advisors Inc. boosted its holdings in Conagra Brands by 1.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock valued at $820,000 after purchasing an additional 376 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Up 1.3 %

CAG opened at $25.95 on Thursday. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.72 and a beta of 0.29. 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 firm’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $29.10. Conagra Brands, Inc. has a twelve month low of $25.06 and a twelve month high of $33.24.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data 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. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio is currently 137.26%.

Analyst Ratings Changes

CAG has been the topic of several research reports. Bank of America dropped 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 Friday, December 20th. 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. Stifel Nicolaus decreased their price objective on Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Barclays cut their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.33.

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.