350,862 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC bought a new stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 350,862 shares of the company's stock, valued at approximately $9,736,000. Conagra Brands makes up 1.7% of Gilman Hill Asset Management LLC's holdings, making the stock its 9th largest position. Gilman Hill Asset Management LLC owned 0.07% of Conagra Brands at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAG. Grove Bank & Trust boosted its holdings in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after acquiring an additional 447 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of Conagra Brands by 11.5% during the fourth quarter. Premier Path Wealth Partners LLC now owns 45,388 shares of the company's stock valued at $1,260,000 after purchasing an additional 4,677 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Conagra Brands by 1.1% during the fourth quarter. Arkadios Wealth Advisors now owns 53,369 shares of the company's stock valued at $1,481,000 after purchasing an additional 600 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Conagra Brands during the fourth quarter worth about $275,000. Finally, Wedge Capital Management L L P NC increased its stake in shares of Conagra Brands by 10.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 130,098 shares of the company's stock valued at $3,610,000 after buying an additional 12,363 shares during the period. Institutional investors own 83.75% of the company's stock.

Conagra Brands Trading Up 0.1 %

CAG traded up $0.04 during trading on Monday, hitting $25.83. The company's stock had a trading volume of 9,680,558 shares, compared to its average volume of 4,525,496. The firm has a market capitalization of $12.33 billion, a P/E ratio of 25.32, a PEG ratio of 1.76 and a beta of 0.29. Conagra Brands, Inc. has a twelve month low of $25.35 and a twelve month high of $33.24. The stock's fifty day moving average price is $27.25 and its 200-day moving average price is $29.25. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. Conagra Brands's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. Analysts anticipate that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be issued a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.42%. Conagra Brands's payout ratio is currently 137.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. JPMorgan Chase & Co. cut their target price on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Bank of America reduced 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 Friday, December 20th. Finally, Citigroup lowered 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 Wednesday, December 11th. Seven 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 an average rating of "Hold" and a consensus target price of $30.56.

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.