Charles Schwab Investment Management Inc. Purchases 63,738 Shares of Conagra Brands, Inc. (NYSE:CAG)

Charles Schwab Investment Management Inc. lifted its position in Conagra Brands, Inc. (NYSE:CAG) by 2.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,102,985 shares of the company’s stock after buying an additional 63,738 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Conagra Brands were worth $100,909,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CAG. Chilton Capital Management LLC acquired a new position in Conagra Brands in the 2nd quarter worth $25,000. Innealta Capital LLC acquired a new position in Conagra Brands in the 2nd quarter worth $25,000. Hexagon Capital Partners LLC boosted its stake in Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after purchasing an additional 420 shares during the period. LRI Investments LLC acquired a new position in Conagra Brands in the 1st quarter worth $42,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Conagra Brands in the 3rd quarter worth $47,000. Institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company upped their target price on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Thursday, October 3rd. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Bank of America reduced their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.63.

Conagra Brands Stock Up 0.1 %

Shares of CAG stock opened at $27.48 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.33 and a current ratio of 0.94. The firm’s 50-day moving average is $29.57 and its 200-day moving average is $29.88. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.82 and a beta of 0.34. Conagra Brands, Inc. has a 52-week low of $26.21 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.84 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. Sell-side analysts predict that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.10%. Conagra Brands’s payout ratio is 135.92%.

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.