Conagra Brands, Inc. (NYSE:CAG) Given Consensus Rating of “Hold” by Brokerages

Conagra Brands, Inc. (NYSE:CAG) has been given a consensus rating of “Hold” by the ten analysts that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.14.

A number of brokerages recently weighed in on CAG. Wells Fargo & Company raised their target price 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. Barclays lifted their target price on Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Royal Bank of Canada reduced their target price on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, January 3rd. Stifel Nicolaus lifted their price target on Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Finally, Citigroup boosted their price objective on Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 5th.

Institutional Trading of Conagra Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Conagra Brands by 3.4% during the first quarter. Commonwealth Equity Services LLC now owns 175,721 shares of the company’s stock valued at $5,208,000 after acquiring an additional 5,706 shares during the period. Principal Financial Group Inc. increased its position in Conagra Brands by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 575,041 shares of the company’s stock worth $17,044,000 after buying an additional 2,580 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Conagra Brands by 19.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 25,121 shares of the company’s stock worth $744,000 after buying an additional 4,061 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Conagra Brands in the first quarter valued at approximately $5,726,000. Finally, Advisors Management Group Inc. ADV grew its stake in shares of Conagra Brands by 6.8% in the first quarter. Advisors Management Group Inc. ADV now owns 10,393 shares of the company’s stock worth $308,000 after acquiring an additional 660 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Down 0.5 %

CAG opened at $30.94 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The company has a market capitalization of $14.79 billion, a PE ratio of 15.55, a P/E/G ratio of 3.12 and a beta of 0.41. The stock’s fifty day moving average is $29.31 and its 200-day moving average is $28.72. Conagra Brands has a one year low of $25.16 and a one year high of $38.73.

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

Conagra Brands Announces Dividend

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 given 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 4.53%. Conagra Brands’s payout ratio is currently 70.35%.

Conagra Brands Company 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.