Conagra Brands, Inc. (NYSE:CAG) Receives Average Rating of “Hold” from Brokerages

Conagra Brands, Inc. (NYSE:CAGGet Free Report) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.14.

CAG has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Citigroup increased their price objective on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Barclays increased their price objective on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company raised 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.

Check Out Our Latest Analysis on CAG

Insider Transactions at Conagra Brands

In other news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total value of $469,034.28. Following the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at approximately $3,439,523.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Conagra Brands

Several hedge funds have recently modified their holdings of CAG. Naples Money Management LLC purchased a new stake in shares of Conagra Brands during the 4th quarter valued at about $26,000. First United Bank & Trust purchased a new stake in shares of Conagra Brands during the 4th quarter valued at about $26,000. Advantage Trust Co purchased a new stake in shares of Conagra Brands during the 4th quarter valued at about $34,000. Parkside Financial Bank & Trust raised its holdings in shares of Conagra Brands by 48.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock valued at $40,000 after buying an additional 454 shares during the period. Finally, Whittier Trust Co. grew its stake in Conagra Brands by 144.4% during the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after purchasing an additional 836 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 1.1 %

Conagra Brands stock opened at $28.82 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.32. Conagra Brands has a fifty-two week low of $25.16 and a fifty-two week high of $34.65. The stock’s fifty day moving average is $30.13 and its two-hundred day moving average is $29.30.

Conagra Brands (NYSE:CAGGet Free Report) last posted 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. Analysts predict that Conagra Brands will post 2.62 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.86%. Conagra Brands’s dividend payout ratio (DPR) is 70.35%.

Conagra Brands Company Profile

(Get 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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Analyst Recommendations for Conagra Brands (NYSE:CAG)

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