Sanctuary Advisors LLC Acquires 140,512 Shares of Conagra Brands, Inc. (NYSE:CAG)

Sanctuary Advisors LLC lifted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 526.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,181 shares of the company's stock after buying an additional 140,512 shares during the period. Sanctuary Advisors LLC's holdings in Conagra Brands were worth $5,437,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock worth $1,196,000 after purchasing an additional 19,329 shares during the period. Aigen Investment Management LP bought a new stake in shares of Conagra Brands in the third quarter worth $1,020,000. Pacer Advisors Inc. increased its position in Conagra Brands by 21,015.0% during the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock valued at $346,495,000 after acquiring an additional 10,604,367 shares during the last quarter. Swedbank AB lifted its holdings in Conagra Brands by 3.1% in the third quarter. Swedbank AB now owns 674,465 shares of the company's stock valued at $21,934,000 after acquiring an additional 20,384 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in Conagra Brands in the third quarter worth about $3,829,000. 83.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAG has been the subject of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research report on Thursday, October 3rd. Bank of America reduced their target price on shares of Conagra Brands from $34.00 to $33.00 and set a "neutral" rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price target on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Citigroup reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, December 11th. Finally, BNP Paribas upgraded Conagra Brands to a "strong-buy" rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.50.

Conagra Brands Price Performance

CAG traded down $0.30 during trading on Monday, reaching $27.90. 5,300,505 shares of the company traded hands, compared to its average volume of 4,769,591. The company has a market cap of $13.31 billion, a P/E ratio of 27.38, a PEG ratio of 2.86 and a beta of 0.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.33 and a current ratio of 0.94. Conagra Brands, Inc. has a 12-month low of $26.21 and a 12-month high of $33.24. The firm has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $29.59.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.07). The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. Conagra Brands's revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. On average, equities analysts forecast that Conagra Brands, Inc. will post 2.58 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.02%. Conagra Brands's dividend payout ratio is currently 135.92%.

About Conagra Brands

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.