87,025 Shares in Conagra Brands, Inc. (NYSE:CAG) Bought by KLCM Advisors Inc.

KLCM Advisors Inc. purchased a new stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 87,025 shares of the company's stock, valued at approximately $2,415,000.

Several other institutional investors have also recently bought and sold shares of CAG. Courier Capital LLC lifted its holdings in Conagra Brands by 1.3% during the third quarter. Courier Capital LLC now owns 27,062 shares of the company's stock valued at $880,000 after purchasing an additional 355 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Conagra Brands by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock valued at $533,000 after buying an additional 362 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Conagra Brands by 0.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company's stock worth $1,716,000 after buying an additional 376 shares during the period. Bridgewater Advisors Inc. boosted its holdings in Conagra Brands by 1.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock worth $820,000 after buying an additional 376 shares during the period. Finally, Grove Bank & Trust boosted its holdings 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 buying an additional 447 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Price Performance

NYSE CAG traded up $0.55 on Thursday, hitting $24.84. The stock had a trading volume of 4,103,715 shares, compared to its average volume of 5,787,248. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. The firm has a 50-day moving average of $26.20 and a 200-day moving average of $28.57.

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, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Equities analysts expect that Conagra Brands, Inc. will post 2.45 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. Stockholders of record on Monday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is Monday, January 27th. Conagra Brands's dividend payout ratio (DPR) is currently 137.26%.

Analysts Set New Price Targets

CAG has been the subject of several analyst reports. Bank of America cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a report on Wednesday. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Finally, Barclays cut their price objective 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. Seven equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $29.78.

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.