IFP Advisors Inc Purchases 97,129 Shares of Conagra Brands, Inc. (NYSE:CAG)

IFP Advisors Inc lifted its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 1,742.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,703 shares of the company's stock after buying an additional 97,129 shares during the period. IFP Advisors Inc's holdings in Conagra Brands were worth $2,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands in the 4th quarter worth approximately $28,000. Grove Bank & Trust grew its stake in shares of Conagra Brands by 65.4% during the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after buying an additional 447 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Conagra Brands in the third quarter worth about $47,000. Stonebridge Financial Group LLC bought a new stake in shares of Conagra Brands in the 4th quarter valued at about $44,000. Finally, Kennebec Savings Bank purchased a new stake in Conagra Brands during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Stock Down 0.1 %

CAG traded down $0.03 on Friday, hitting $25.54. The company had a trading volume of 5,846,615 shares, compared to its average volume of 5,772,075. The stock has a fifty day simple moving average of $26.01 and a 200-day simple moving average of $28.42. 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 firm has a market capitalization of $12.19 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.76 and a beta of 0.28. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm's revenue was down .4% on a year-over-year basis. As a group, equities analysts expect 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, February 27th. Shareholders of record on Monday, January 27th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands's dividend payout ratio (DPR) is 137.25%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada reissued a "sector perform" rating and issued a $29.00 price target on shares of Conagra Brands in a report on Friday, December 20th. Barclays decreased their price objective 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. Finally, The Goldman Sachs Group lowered shares of Conagra Brands from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $33.00 to $26.00 in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Conagra Brands presently has an average rating of "Hold" and a consensus price target of $28.67.

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.