Capstone Triton Financial Group LLC Has $995,000 Stake in Conagra Brands, Inc. (NYSE:CAG)

Capstone Triton Financial Group LLC lifted its stake in Conagra Brands, Inc. (NYSE:CAG) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,860 shares of the company’s stock after buying an additional 535 shares during the period. Capstone Triton Financial Group LLC’s holdings in Conagra Brands were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Conagra Brands by 0.6% in the 4th quarter. Bessemer Group Inc. now owns 78,038 shares of the company’s stock valued at $2,166,000 after acquiring an additional 429 shares in the last quarter. Summit Financial Wealth Advisors LLC increased its position in shares of Conagra Brands by 1.3% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company’s stock worth $1,030,000 after purchasing an additional 500 shares during the period. CIBC Asset Management Inc raised its stake in Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock valued at $2,346,000 after purchasing an additional 501 shares in the last quarter. Xponance Inc. lifted its position in Conagra Brands by 0.8% during the fourth quarter. Xponance Inc. now owns 65,680 shares of the company’s stock worth $1,823,000 after purchasing an additional 505 shares during the period. Finally, International Private Wealth Advisors LLC lifted its position in Conagra Brands by 5.2% during the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock worth $295,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $22.90 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The firm has a 50-day moving average of $24.61 and a 200-day moving average of $25.83. Conagra Brands, Inc. has a one year low of $21.98 and a one year high of $33.24. The company has a market cap of $10.93 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Monday, April 28th. Conagra Brands’s payout ratio is 205.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAG. The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Wells Fargo & Company reduced their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their price target on Conagra Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley started coverage on Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands presently has a consensus rating of “Hold” and an average target price of $27.50.

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.