Conagra Brands $CAG Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of Conagra Brands (NYSE:CAG) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,375 shares of the company’s stock after buying an additional 1,372 shares during the period. Farther Finance Advisors LLC’s holdings in Conagra Brands were worth $233,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CAG. Alpine Bank Wealth Management acquired a new position in Conagra Brands during the 1st quarter valued at about $26,000. Capital Advisors Ltd. LLC increased its stake in Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock valued at $27,000 after buying an additional 452 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Conagra Brands during the 1st quarter valued at about $27,000. Golden State Wealth Management LLC boosted its position in shares of Conagra Brands by 235.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock valued at $28,000 after purchasing an additional 741 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Conagra Brands during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CAG. Morgan Stanley raised their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Wells Fargo & Company reduced their price objective on shares of Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. UBS Group reduced their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Finally, Evercore ISI reduced their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Conagra Brands currently has an average rating of “Hold” and an average target price of $21.83.

Conagra Brands Price Performance

NYSE CAG opened at $18.29 on Wednesday. The company has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $21.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.24. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 1.73 and a beta of 0.07. Conagra Brands has a 52-week low of $17.89 and a 52-week high of $32.90.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.05). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%.Conagra Brands’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 58.58%.

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.