Yousif Capital Management LLC Has $2.52 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

Yousif Capital Management LLC decreased its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,985 shares of the company’s stock after selling 2,427 shares during the quarter. Yousif Capital Management LLC’s holdings in Conagra Brands were worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CAG. Exchange Traded Concepts LLC increased its stake in Conagra Brands by 8.6% in the third quarter. Exchange Traded Concepts LLC now owns 18,546 shares of the company’s stock valued at $509,000 after purchasing an additional 1,474 shares in the last quarter. Czech National Bank increased its position in Conagra Brands by 47.9% in the 3rd quarter. Czech National Bank now owns 83,521 shares of the company’s stock valued at $2,290,000 after buying an additional 27,065 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Conagra Brands by 10.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 16,544 shares of the company’s stock worth $454,000 after buying an additional 1,625 shares during the period. Brookstone Capital Management boosted its holdings in Conagra Brands by 5.0% in the third quarter. Brookstone Capital Management now owns 31,776 shares of the company’s stock worth $863,000 after acquiring an additional 1,504 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Conagra Brands by 1.2% in the third quarter. Commonwealth Equity Services LLC now owns 191,649 shares of the company’s stock valued at $5,255,000 after acquiring an additional 2,207 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

CAG has been the topic of a number of recent research reports. Barclays increased 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. Citigroup raised their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada decreased their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 3rd. Wells Fargo & Company raised their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus boosted their price objective on Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus target price of $33.14.

Conagra Brands Stock Down 0.5 %

Shares of NYSE:CAG opened at $30.94 on Tuesday. Conagra Brands, Inc. has a 1 year low of $25.16 and a 1 year high of $38.73. The company has a market capitalization of $14.79 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 3.12 and a beta of 0.41. The business has a fifty day moving average price of $29.31 and a two-hundred day moving average price of $28.72. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm earned $0.76 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts forecast that Conagra Brands, Inc. will post 2.62 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be issued a $0.35 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.53%. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

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.