Kingsview Wealth Management LLC Sells 16,694 Shares of Conagra Brands, Inc. (NYSE:CAG)

Kingsview Wealth Management LLC lessened its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,913 shares of the company’s stock after selling 16,694 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Conagra Brands were worth $9,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its position in Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after purchasing an additional 1,691,945 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after buying an additional 618,096 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Conagra Brands by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company’s stock valued at $373,180,000 after buying an additional 196,100 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after buying an additional 10,604,367 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Conagra Brands by 2.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company’s stock worth $204,571,000 after acquiring an additional 122,590 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAG has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Bank of America decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company dropped their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Citigroup decreased their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Finally, Barclays cut 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands has a consensus rating of “Hold” and an average price target of $30.33.

Conagra Brands Trading Down 0.8 %

Shares of NYSE:CAG opened at $24.82 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 12-month low of $24.64 and a 12-month high of $33.24. The business has a 50 day moving average of $26.73 and a two-hundred day moving average of $28.90. The company has a market capitalization of $11.84 billion, a PE ratio of 24.33, a PEG ratio of 1.70 and a beta of 0.28.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (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 firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, analysts forecast that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

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 given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

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.