Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 564,586 shares of the company's stock after purchasing an additional 36,551 shares during the quarter. Valley Wealth Managers Inc. owned 0.12% of Conagra Brands worth $15,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock valued at $346,495,000 after buying an additional 10,604,367 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Conagra Brands by 106.4% in the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company's stock valued at $197,624,000 after buying an additional 3,133,200 shares during the period. Holocene Advisors LP purchased a new stake in shares of Conagra Brands in the 3rd quarter valued at $65,932,000. State Street Corp raised its holdings in shares of Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company's stock valued at $796,229,000 after buying an additional 1,691,945 shares during the period. Finally, Ilex Capital Partners UK LLP purchased a new stake in shares of Conagra Brands in the 3rd quarter valued at $46,990,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CAG. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their target price on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Citigroup lowered their target price 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $29.78.

Conagra Brands Stock Up 3.9 %

Shares of NYSE:CAG traded up $0.98 on Friday, hitting $25.82. 7,589,209 shares of the company's stock were exchanged, compared to its average volume of 5,840,252. The firm's 50-day moving average is $26.15 and its 200 day moving average is $28.54. The company has a market capitalization of $12.32 billion, a PE ratio of 25.31, a P/E/G ratio of 1.72 and a beta of 0.28. Conagra Brands, Inc. has a 1-year low of $23.06 and a 1-year high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70.

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 (EPS) for the quarter, topping the consensus estimate 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 return on equity of 13.76% and a net margin of 4.13%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Sell-side analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

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 given 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 dividend yield of 5.42%. Conagra Brands's dividend payout ratio is currently 137.26%.

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.