Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 141.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,902 shares of the company's stock after buying an additional 118,970 shares during the quarter. Janney Montgomery Scott LLC's holdings in Conagra Brands were worth $5,631,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Conagra Brands in the fourth quarter worth $28,000. Hexagon Capital Partners LLC lifted its position in Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company's stock valued at $30,000 after acquiring an additional 420 shares in the last quarter. Grove Bank & Trust grew 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 worth $31,000 after acquiring an additional 447 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Conagra Brands during the third quarter valued at $47,000. Finally, ST Germain D J Co. Inc. raised its holdings in Conagra Brands by 36.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock worth $55,000 after purchasing an additional 529 shares during the period. Institutional investors own 83.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CAG shares. Stifel Nicolaus dropped their price target on Conagra Brands from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. reduced their target price on shares of Conagra Brands from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Barclays cut their price target on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Bank of America dropped their target price 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. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of "Hold" and an average price target of $30.33.

Conagra Brands Price Performance

Shares of Conagra Brands stock traded up $0.40 on Thursday, hitting $26.30. 5,309,260 shares of the company were exchanged, compared to its average volume of 5,553,418. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.72 and a beta of 0.29. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $27.01 and a 200 day moving average price of $29.10. Conagra Brands, Inc. has a 1-year low of $25.06 and a 1-year high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, sell-side analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Monday, January 27th. Conagra Brands's payout ratio is currently 137.26%.

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.