Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. boosted its holdings in Conagra Brands, Inc. (NYSE:CAG) by 107.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,740 shares of the company’s stock after buying an additional 37,710 shares during the period. Conagra Brands accounts for approximately 1.3% of Disciplined Equity Management Inc.’s holdings, making the stock its 9th largest holding. Disciplined Equity Management Inc.’s holdings in Conagra Brands were worth $1,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAG. Ameriprise Financial Inc. grew its position in Conagra Brands by 104.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,793,701 shares of the company’s stock valued at $49,776,000 after acquiring an additional 914,820 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Conagra Brands by 41.0% during the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock worth $2,175,000 after purchasing an additional 22,790 shares during the period. Machina Capital S.A.S. acquired a new stake in Conagra Brands during the 4th quarter worth approximately $558,000. Proficio Capital Partners LLC acquired a new stake in Conagra Brands during the 4th quarter worth approximately $2,035,000. Finally, Inspire Advisors LLC raised its holdings in Conagra Brands by 18.4% in the fourth quarter. Inspire Advisors LLC now owns 63,249 shares of the company’s stock valued at $1,755,000 after buying an additional 9,838 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.5%

Shares of CAG opened at $22.37 on Friday. Conagra Brands, Inc. has a one year low of $21.98 and a one year high of $33.24. The stock has a 50-day moving average price of $24.05 and a 200 day moving average price of $25.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company has a market capitalization of $10.68 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.76 and a beta of 0.14.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Sell-side analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, April 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Monday, April 28th. Conagra Brands’s payout ratio is currently 205.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAG shares. Stifel Nicolaus dropped their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price target on Conagra Brands from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Morgan Stanley started coverage on Conagra Brands in a research report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price objective on the stock. The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Barclays lowered their target price on Conagra Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and a consensus price target of $27.10.

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.