Conagra Brands (NYSE:CAG) Hits New 1-Year Low - Should You Sell?

Conagra Brands, Inc. (NYSE:CAG - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $24.91 and last traded at $25.25, with a volume of 550420 shares trading hands. The stock had previously closed at $25.46.

Analysts Set New Price Targets

CAG has been the subject of several recent research reports. Stifel Nicolaus decreased 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. Bank of America decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Citigroup dropped their target price on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price target on Conagra Brands from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. Seven investment 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.33.

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Conagra Brands Price Performance

The firm has a market cap of $11.84 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The company has a 50 day moving average price of $26.78 and a 200 day moving average price of $28.93. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its 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. 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 the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $0.71 earnings per share. Conagra Brands's quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.64%. Conagra Brands's dividend payout ratio is presently 137.26%.

Hedge Funds Weigh In On Conagra Brands

Several hedge funds have recently bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in shares of Conagra Brands during the 4th quarter worth $29,000. Hexagon Capital Partners LLC boosted its holdings in shares of Conagra Brands by 82.8% during the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company's stock worth $30,000 after purchasing an additional 420 shares during the last quarter. Grove Bank & Trust grew its position 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 purchasing an additional 447 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Conagra Brands in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

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.