CreativeOne Wealth LLC Invests $853,000 in Conagra Brands, Inc. (NYSE:CAG)

CreativeOne Wealth LLC acquired a new stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,737 shares of the company's stock, valued at approximately $853,000.

A number of other large investors also recently modified their holdings of CAG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Conagra Brands during the 4th quarter valued at about $28,000. Riverview Trust Co purchased a new position in Conagra Brands in the 4th quarter worth approximately $29,000. Grove Bank & Trust increased its stake in Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares during the period. SBI Securities Co. Ltd. purchased a new position in Conagra Brands in the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands in the 4th quarter worth approximately $44,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on CAG shares. Barclays lifted their price target on Conagra Brands from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley initiated coverage on Conagra Brands in a research report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective on the stock. Wells Fargo & Company cut their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus cut their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Nine 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. Based on data from MarketBeat, Conagra Brands has a consensus rating of "Hold" and a consensus target price of $27.90.

Conagra Brands Stock Down 0.7 %

NYSE:CAG traded down $0.19 during trading hours on Wednesday, reaching $25.29. 1,082,388 shares of the company traded hands, compared to its average volume of 6,108,384. The business's 50-day moving average price is $25.79 and its two-hundred day moving average price is $26.86. The stock has a market capitalization of $12.07 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. 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 announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.54%. Conagra Brands's dividend payout ratio is presently 205.88%.

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.