Conagra Brands, Inc. (NYSE:CAG) Stock Position Lessened by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. decreased its holdings in Conagra Brands, Inc. (NYSE:CAG) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,185 shares of the company’s stock after selling 552 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Conagra Brands were worth $33,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Conagra Brands in the fourth quarter worth $28,000. Grove Bank & Trust lifted its holdings in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after buying an additional 447 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Conagra Brands in the fourth quarter valued at $44,000. Asset Planning Inc acquired a new stake in shares of Conagra Brands in the fourth quarter valued at $53,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after buying an additional 529 shares during the period. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Citigroup cut their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Conagra Brands presently has an average rating of “Hold” and an average target price of $28.33.

Conagra Brands Trading Up 4.9 %

Shares of NYSE CAG opened at $27.25 on Friday. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $25.83 and a 200-day simple moving average of $28.26.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) 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 the consensus estimate of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. Sell-side analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Monday, January 27th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands’s dividend payout ratio is currently 137.25%.

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.