Atria Wealth Solutions Inc. Has $603,000 Stake in Conagra Brands, Inc. (NYSE:CAG)

Atria Wealth Solutions Inc. cut its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,043 shares of the company’s stock after selling 3,925 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Conagra Brands were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Naples Money Management LLC acquired a new position in shares of Conagra Brands in the fourth quarter worth approximately $26,000. Thompson Investment Management Inc. lifted its position in shares of Conagra Brands by 100.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of Conagra Brands in the 3rd quarter valued at $33,000. Parkside Financial Bank & Trust increased its position in shares of Conagra Brands by 48.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after buying an additional 454 shares during the period. Finally, Peoples Bank KS bought a new position in Conagra Brands during the third quarter worth $47,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

CAG opened at $30.59 on Friday. Conagra Brands, Inc. has a 1-year low of $25.16 and a 1-year high of $38.20. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 3.07 and a beta of 0.38. The company’s fifty day moving average price is $29.50 and its two-hundred day moving average price is $28.79. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81.

Conagra Brands (NYSE:CAG) last posted its 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. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. On average, analysts expect that Conagra Brands, Inc. will post 2.62 EPS 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. Investors of record on Tuesday, April 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 4.58%. Conagra Brands’s payout ratio is 70.35%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAG shares. Stifel Nicolaus upped their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their target price on Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Citigroup increased their price target on Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Barclays lifted their price objective on shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.14.

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.