Access Financial Services Inc. Has $320,000 Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Access Financial Services Inc. lessened its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,538 shares of the company’s stock after selling 1,678 shares during the period. Access Financial Services Inc.’s holdings in Conagra Brands were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Conagra Brands in the 4th quarter worth approximately $28,000. Hexagon Capital Partners LLC increased its position in shares of Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after buying an additional 420 shares in the last quarter. Grove Bank & Trust increased its position in shares of Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after buying an additional 447 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Conagra Brands in the 3rd quarter valued at $47,000. Finally, ST Germain D J Co. Inc. increased its holdings in Conagra Brands by 36.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $55,000 after purchasing an additional 529 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Up 0.1 %

CAG stock opened at $25.83 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The company has a market capitalization of $12.33 billion, a PE ratio of 25.32, a P/E/G ratio of 1.76 and a beta of 0.29. The firm’s 50-day moving average is $27.25 and its 200 day moving average is $29.25. Conagra Brands, Inc. has a 12 month low of $25.35 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the business earned $0.71 EPS. Conagra Brands’s revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts anticipate that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.42%. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

Wall Street Analysts Forecast Growth

CAG has been the subject of several analyst reports. Citigroup decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a research note on Friday, December 20th. Bank of America decreased their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Barclays dropped their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and an average price target of $30.56.

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.