EP Wealth Advisors LLC Acquires 1,474 Shares of Conagra Brands, Inc. (NYSE:CAG)

EP Wealth Advisors LLC raised its holdings in Conagra Brands, Inc. (NYSE:CAG) by 17.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,962 shares of the company’s stock after purchasing an additional 1,474 shares during the quarter. EP Wealth Advisors LLC’s holdings in Conagra Brands were worth $295,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CAG. Naples Money Management LLC bought a new position in Conagra Brands in the 4th quarter valued at $26,000. First United Bank & Trust bought a new position in Conagra Brands in the 4th quarter valued at $26,000. Advantage Trust Co bought a new position in Conagra Brands in the 4th quarter valued at $34,000. Parkside Financial Bank & Trust raised its position in Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock valued at $40,000 after purchasing an additional 454 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Conagra Brands by 144.4% in 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 during the last quarter. Institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CAG shares. Evercore ISI lowered their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Citigroup lowered their target price on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Stifel Nicolaus lowered their target price on Conagra Brands from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Barclays lowered their target price on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada lowered their target price on Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.18.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the business’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 completion of the transaction, the executive vice president now directly owns 113,254 shares of the company’s stock, valued at $3,439,523.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.88% of the company’s stock.

Conagra Brands Trading Up 1.4 %

Shares of Conagra Brands stock traded up $0.41 during trading on Friday, reaching $29.94. 3,518,765 shares of the company were exchanged, compared to its average volume of 4,617,913. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88. Conagra Brands, Inc. has a twelve month low of $25.16 and a twelve month high of $33.39. The business has a 50-day moving average price of $29.21 and a 200-day moving average price of $29.27. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 41.01, a P/E/G ratio of 2.59 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts anticipate that Conagra Brands, Inc. will post 2.61 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st will be paid a $0.35 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.68%. Conagra Brands’s payout ratio is 191.78%.

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.