7,458 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. bought a new stake in Conagra Brands, Inc. (NYSE:CAG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,458 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAG. Triumph Capital Management lifted its stake in Conagra Brands by 10.3% in the fourth quarter. Triumph Capital Management now owns 10,289 shares of the company’s stock valued at $295,000 after purchasing an additional 958 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Conagra Brands by 3.8% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 93,283 shares of the company’s stock worth $2,673,000 after acquiring an additional 3,397 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Conagra Brands by 17.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 42,423 shares of the company’s stock worth $1,216,000 after acquiring an additional 6,177 shares during the last quarter. Intrust Bank NA bought a new stake in Conagra Brands in the 4th quarter valued at about $245,000. Finally, PGGM Investments lifted its holdings in Conagra Brands by 9.7% during the fourth quarter. PGGM Investments now owns 20,571 shares of the company’s stock valued at $590,000 after purchasing an additional 1,824 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAG has been the subject of several recent research reports. Stifel Nicolaus boosted 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. Barclays boosted their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Citigroup raised 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, Wells Fargo & Company boosted their price objective on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Hold” and a consensus price target of $33.14.

Conagra Brands Stock Performance

NYSE CAG opened at $30.19 on Tuesday. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.07 and a beta of 0.38. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $38.04. The company has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $28.83. 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 (NYSE:CAG) last announced its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.64%. Conagra Brands’s dividend payout ratio is currently 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.