Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in Conagra Brands, Inc. (NYSE:CAG) by 106.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,678 shares of the company’s stock after acquiring an additional 37,910 shares during the period. Crossmark Global Holdings Inc.’s holdings in Conagra Brands were worth $2,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Courier Capital LLC grew its holdings in shares of 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 acquiring an additional 355 shares during the period. CWM LLC grew its holdings in shares of Conagra Brands by 0.4% in the 3rd 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 grew its holdings in shares of Conagra Brands by 2.3% in the 3rd 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 grew its holdings in shares of Conagra Brands by 0.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock worth $1,716,000 after acquiring an additional 376 shares during the period. Finally, Bridgewater Advisors Inc. grew its holdings in shares of Conagra Brands by 1.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock worth $820,000 after acquiring an additional 376 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.2 %

Shares of Conagra Brands stock opened at $25.35 on Friday. Conagra Brands, Inc. has a fifty-two week low of $25.06 and a fifty-two week high of $33.24. The firm has a market cap of $12.10 billion, a PE ratio of 24.86, a P/E/G ratio of 1.74 and a beta of 0.29. The business’s fifty day moving average is $27.08 and its two-hundred day moving average is $29.17. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG) last issued 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 business had revenue of $3.20 billion for 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 business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Analysts anticipate that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is currently 137.26%.

Wall Street Analyst Weigh In

CAG has been the topic of a number of analyst reports. Bank of America lowered their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Wells Fargo & Company lowered their target price 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. Citigroup lowered their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Finally, Barclays lowered their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and a consensus price target of $30.56.

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.