Conagra Brands, Inc. (NYSE:CAG) Stock Holdings Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Conagra Brands, Inc. (NYSE:CAGFree Report) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 587,036 shares of the company’s stock after buying an additional 171,145 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of Conagra Brands worth $16,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAG. HM Payson & Co. raised its stake in Conagra Brands by 18.1% during the third quarter. HM Payson & Co. now owns 2,864 shares of the company’s stock worth $79,000 after acquiring an additional 439 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after purchasing an additional 454 shares during the last quarter. Blue Trust Inc. boosted its position in Conagra Brands by 31.7% during the 4th quarter. Blue Trust Inc. now owns 1,967 shares of the company’s stock valued at $55,000 after purchasing an additional 473 shares during the period. Venturi Wealth Management LLC grew its stake in Conagra Brands by 26.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,304 shares of the company’s stock worth $63,000 after buying an additional 483 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in Conagra Brands by 6.5% in the fourth quarter. Stonegate Investment Group LLC now owns 8,165 shares of the company’s stock valued at $234,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.2 %

NYSE CAG opened at $31.00 on Wednesday. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $36.89. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $29.90 and a 200-day moving average of $28.98. The company has a market cap of $14.82 billion, a PE ratio of 15.58, a PEG ratio of 3.11 and a beta of 0.38.

Conagra Brands (NYSE:CAGGet Free Report) last announced its quarterly earnings data on Thursday, April 4th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. On average, equities research analysts anticipate that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be paid 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 yield of 4.52%. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

Wall Street Analysts Forecast Growth

CAG has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Wells Fargo & Company increased their price target 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 lifted their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Barclays raised their target price 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 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.com, the stock has an average rating of “Hold” and a consensus price target of $33.14.

View Our Latest Analysis on CAG

Conagra Brands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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