Conagra Brands, Inc. (NYSE:CAG) Holdings Raised by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 399,454 shares of the company's stock after buying an additional 62,187 shares during the quarter. Brookstone Capital Management owned about 0.08% of Conagra Brands worth $11,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its position in Conagra Brands by 82.8% during the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company's stock valued at $30,000 after acquiring an additional 420 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands during the 3rd quarter valued at $47,000. Kennebec Savings Bank acquired a new position in shares of Conagra Brands during the 3rd quarter valued at $59,000. Quarry LP boosted its position in Conagra Brands by 229.7% during the 3rd quarter. Quarry LP now owns 1,820 shares of the company's stock worth $59,000 after purchasing an additional 1,268 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its holdings in Conagra Brands by 27,057.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,901 shares of the company's stock valued at $62,000 after purchasing an additional 1,894 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

CAG stock traded down $0.21 during trading on Tuesday, hitting $26.06. 4,303,117 shares of the company's stock traded hands, compared to its average volume of 5,040,199. The stock has a fifty day moving average price of $27.48 and a two-hundred day moving average price of $29.32. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. Conagra Brands, Inc. has a 52 week low of $25.85 and a 52 week high of $33.24. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.29.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Conagra Brands's quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts anticipate that Conagra Brands, Inc. will post 2.58 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.37%. Conagra Brands's dividend payout ratio (DPR) is 137.25%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CAG. JPMorgan Chase & Co. lowered their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Barclays lowered their target price on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Bank of America cut their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. Finally, Citigroup lowered their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.56.

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.