Conagra Brands (NYSE:CAG) Hits New 1-Year Low - Time to Sell?

Conagra Brands, Inc. (NYSE:CAG - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as $25.43 and last traded at $25.58, with a volume of 4659402 shares changing hands. The stock had previously closed at $26.05.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup dropped their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on shares of Conagra Brands from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Barclays reduced their price target on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Royal Bank of Canada restated a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Finally, BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $30.56.

Conagra Brands Stock Performance

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 cap of $12.31 billion, a P/E ratio of 25.28, a PEG ratio of 1.76 and a beta of 0.29. The stock's 50 day moving average is $27.35 and its two-hundred day moving average is $29.28.

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, 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 prior year, the company posted $0.71 EPS. The company's revenue was down .4% compared to the same quarter last year. As a group, equities analysts predict that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.43%. Conagra Brands's dividend payout ratio is currently 137.26%.

Institutional Investors Weigh In On Conagra Brands

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its holdings in Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company's stock valued at $30,000 after purchasing an additional 420 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Conagra Brands during the fourth quarter worth approximately $28,000. Grove Bank & Trust raised its stake in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after acquiring an additional 447 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands in the 3rd quarter worth approximately $47,000. Finally, Kennebec Savings Bank acquired a new position in shares of Conagra Brands in the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 83.75% of the company's stock.

About Conagra Brands

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.