MCF Advisors LLC Has $43,000 Stake in Conagra Brands, Inc. (NYSE:CAG)

MCF Advisors LLC cut its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,540 shares of the company’s stock after selling 1,450 shares during the quarter. MCF Advisors LLC’s holdings in Conagra Brands were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brookstone Capital Management lifted its stake in shares of Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock worth $11,085,000 after acquiring an additional 62,187 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock worth $1,196,000 after purchasing an additional 19,329 shares during the period. Nordea Investment Management AB boosted its stake in shares of Conagra Brands by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after purchasing an additional 618,096 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Conagra Brands during the third quarter worth $1,020,000. Finally, Pacer Advisors Inc. raised its stake in Conagra Brands by 21,015.0% during the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after buying an additional 10,604,367 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

NYSE CAG opened at $25.33 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $29.19. Conagra Brands, Inc. has a 12-month low of $25.14 and a 12-month high of $33.24. The company has a market cap of $12.09 billion, a P/E ratio of 24.83, a PEG ratio of 1.75 and a beta of 0.29.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Sell-side analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.53%. Conagra Brands’s dividend payout ratio (DPR) is currently 137.26%.

Analyst Ratings Changes

CAG has been the topic of a number of research analyst reports. Barclays cut their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Wells Fargo & Company decreased their target price on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America dropped 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 report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and a consensus 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.