Daiwa Securities Group Inc. Purchases 2,528 Shares of Conagra Brands, Inc. (NYSE:CAG)

Daiwa Securities Group Inc. increased its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 6.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,016 shares of the company’s stock after buying an additional 2,528 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Conagra Brands were worth $1,204,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Riverview Trust Co grew its position in Conagra Brands by 132.8% during the third quarter. Riverview Trust Co now owns 945 shares of the company’s stock worth $26,000 after buying an additional 539 shares in the last quarter. Thompson Investment Management Inc. grew its position in Conagra Brands by 100.0% during the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Conagra Brands during the third quarter worth approximately $33,000. Ronald Blue Trust Inc. grew its position in Conagra Brands by 134.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $41,000 after buying an additional 857 shares in the last quarter. Finally, Quent Capital LLC grew its position in Conagra Brands by 313.4% during the fourth quarter. Quent Capital LLC now owns 1,666 shares of the company’s stock worth $48,000 after buying an additional 1,263 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Up 0.5 %

Shares of NYSE:CAG opened at $31.27 on Wednesday. The firm has a market cap of $14.95 billion, a P/E ratio of 15.71, a P/E/G ratio of 3.12 and a beta of 0.42. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $38.73. The business has a fifty day simple moving average of $28.98 and a 200 day simple moving average of $28.61.

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

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, April 29th. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

Analyst Ratings Changes

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

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.