State of Alaska Department of Revenue Grows Holdings in Conagra Brands, Inc. (NYSE:CAG)

State of Alaska Department of Revenue boosted its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 41.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,414 shares of the company's stock after purchasing an additional 22,790 shares during the period. State of Alaska Department of Revenue's holdings in Conagra Brands were worth $2,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Courier Capital LLC lifted its stake in Conagra Brands by 1.3% in the 3rd quarter. Courier Capital LLC now owns 27,062 shares of the company's stock valued at $880,000 after purchasing an additional 355 shares during the last quarter. CWM LLC raised its stake in shares of Conagra Brands by 0.4% during the third quarter. CWM LLC now owns 87,222 shares of the company's stock valued at $2,836,000 after acquiring an additional 359 shares during the last quarter. Empirical Finance LLC raised its stake in shares of Conagra Brands by 2.3% during the third quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock valued at $533,000 after acquiring an additional 362 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Conagra Brands by 0.7% during the third quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company's stock valued at $1,716,000 after acquiring an additional 376 shares during the last quarter. Finally, Bridgewater Advisors Inc. raised its stake in shares of Conagra Brands by 1.5% during the third quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock valued at $820,000 after acquiring an additional 376 shares during the last quarter. Institutional investors own 83.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CAG shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on shares of Conagra Brands from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Barclays lowered their target price on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Finally, Wells Fargo & Company lowered their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Conagra Brands has an average rating of "Hold" and an average price target of $30.33.

Conagra Brands Stock Up 1.3 %

NYSE:CAG traded up $0.33 during trading hours on Friday, reaching $25.31. The company had a trading volume of 6,372,535 shares, compared to its average volume of 5,583,624. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.70 and a beta of 0.28. The business's 50-day simple moving average is $26.46 and its two-hundred day simple moving average is $28.73. Conagra Brands, Inc. has a twelve month low of $24.18 and a twelve month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly 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. The business had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.15 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 .4% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. On average, equities analysts expect that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Monday, January 27th. Conagra Brands's dividend payout ratio is currently 137.26%.

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.