CreativeOne Wealth LLC Invests $853,000 in Conagra Brands, Inc. (NYSE:CAG)

CreativeOne Wealth LLC purchased a new stake in shares of Conagra Brands, Inc. (NYSE:CAG) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 30,737 shares of the company’s stock, valued at approximately $853,000.

Other large investors have also added to or reduced their stakes in the company. Mariner LLC grew its position in shares of Conagra Brands by 0.9% during the 4th quarter. Mariner LLC now owns 189,742 shares of the company’s stock valued at $5,265,000 after acquiring an additional 1,730 shares during the period. Townsquare Capital LLC lifted its stake in Conagra Brands by 107.3% in the fourth quarter. Townsquare Capital LLC now owns 18,067 shares of the company’s stock valued at $501,000 after purchasing an additional 9,353 shares during the last quarter. Qtron Investments LLC grew its holdings in Conagra Brands by 165.9% during the fourth quarter. Qtron Investments LLC now owns 20,839 shares of the company’s stock valued at $578,000 after purchasing an additional 13,003 shares during the period. Rockefeller Capital Management L.P. increased its position in Conagra Brands by 46.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 434,911 shares of the company’s stock worth $12,069,000 after buying an additional 137,378 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Conagra Brands by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 28,245 shares of the company’s stock valued at $784,000 after buying an additional 10,077 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Bank of America cut their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Barclays lifted their target price on shares of Conagra Brands from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, April 7th. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Nine equities 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 data from MarketBeat.com, Conagra Brands currently has an average rating of “Hold” and a consensus price target of $27.90.

Conagra Brands Trading Up 1.7 %

Conagra Brands stock opened at $25.31 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The stock has a market cap of $12.08 billion, a P/E ratio of 24.82, a PEG ratio of 1.76 and a beta of 0.27. The firm’s fifty day moving average price is $25.76 and its 200-day moving average price is $26.98.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share 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 business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities research analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.53%. Conagra Brands’s payout ratio is presently 205.88%.

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.