Kingsview Wealth Management LLC Has $226,000 Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Kingsview Wealth Management LLC lifted its position in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 5.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,894 shares of the company’s stock after buying an additional 403 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Conagra Brands were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CAG. Panagora Asset Management Inc. grew its position in shares of Conagra Brands by 45.4% during the 4th quarter. Panagora Asset Management Inc. now owns 125,766 shares of the company’s stock worth $3,604,000 after purchasing an additional 39,273 shares in the last quarter. Bedel Financial Consulting Inc. increased its stake in Conagra Brands by 9.5% during the 4th quarter. Bedel Financial Consulting Inc. now owns 10,005 shares of the company’s stock worth $287,000 after acquiring an additional 870 shares during the period. Beacon Pointe Advisors LLC increased its stake in Conagra Brands by 21.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 12,329 shares of the company’s stock worth $353,000 after acquiring an additional 2,157 shares during the period. Quadrant Capital Group LLC increased its stake in Conagra Brands by 44.2% during the 4th quarter. Quadrant Capital Group LLC now owns 10,288 shares of the company’s stock worth $295,000 after acquiring an additional 3,151 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Conagra Brands by 60.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 71,374 shares of the company’s stock valued at $2,046,000 after acquiring an additional 26,774 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CAG shares. Barclays raised their price target on Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company boosted their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Stifel Nicolaus increased their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Finally, Citigroup boosted their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Ten investment 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, Conagra Brands has a consensus rating of “Hold” and a consensus target price of $33.14.

View Our Latest Stock Analysis on Conagra Brands

Conagra Brands Stock Down 0.1 %

NYSE:CAG opened at $30.76 on Thursday. Conagra Brands, Inc. has a one year low of $25.16 and a one year high of $35.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. The company has a market cap of $14.71 billion, a PE ratio of 15.46, a P/E/G ratio of 3.09 and a beta of 0.38. The firm’s 50 day simple moving average is $30.21 and its 200 day simple moving average is $29.11.

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

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, April 29th. Conagra Brands’s dividend payout ratio is currently 70.35%.

About Conagra Brands

(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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