Valeo Financial Advisors LLC Reduces Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Valeo Financial Advisors LLC decreased its position in Conagra Brands, Inc. (NYSE:CAG) by 21.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,011 shares of the company’s stock after selling 3,533 shares during the period. Valeo Financial Advisors LLC’s holdings in Conagra Brands were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Clear Street Markets LLC lifted its stake in Conagra Brands by 93.2% in the first quarter. Clear Street Markets LLC now owns 935 shares of the company’s stock valued at $35,000 after purchasing an additional 451 shares during the last quarter. Riverview Trust Co lifted its stake in Conagra Brands by 132.8% in the third quarter. Riverview Trust Co now owns 945 shares of the company’s stock valued at $26,000 after purchasing an additional 539 shares during the last quarter. Thompson Investment Management Inc. lifted its stake in Conagra Brands by 100.0% in the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Conagra Brands in the fourth quarter valued at approximately $39,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Conagra Brands during the second quarter worth $35,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CAG shares. Stifel Nicolaus increased their target price on Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Company upped their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Royal Bank of Canada decreased their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 3rd. Citigroup upped their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Barclays upped their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.14.

Conagra Brands Stock Performance

Shares of CAG opened at $29.31 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $28.63 and its 200-day moving average price is $28.42. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $38.73. The stock has a market cap of $14.01 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.94 and a beta of 0.41.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business earned $0.76 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts anticipate that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a yield of 4.78%. Conagra Brands’s dividend payout ratio is presently 70.35%.

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.