167,189 Shares in Conagra Brands, Inc. (NYSE:CAG) Acquired by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. bought a new position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 167,189 shares of the company's stock, valued at approximately $5,437,000. Conagra Brands makes up 2.8% of SGL Investment Advisors Inc.'s holdings, making the stock its 7th biggest holding.

Several other large investors have also recently added to or reduced their stakes in CAG. Chilton Capital Management LLC bought a new position in Conagra Brands during the 2nd quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Conagra Brands during the second quarter worth about $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company's stock valued at $30,000 after purchasing an additional 420 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands during the 3rd quarter worth about $47,000. Finally, Kennebec Savings Bank acquired a new position in shares of Conagra Brands during the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Analyst Ratings Changes

CAG has been the subject of several research analyst reports. 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. BNP Paribas raised Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. The Goldman Sachs Group began coverage on Conagra Brands in a research note on Monday, August 12th. They issued a "buy" rating and a $36.00 price target for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Conagra Brands from $30.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Six equities research 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 company presently has a consensus rating of "Hold" and an average target price of $31.63.

Conagra Brands Price Performance

Shares of Conagra Brands stock traded up $0.46 during midday trading on Monday, hitting $27.70. 3,180,897 shares of the company traded hands, compared to its average volume of 4,755,863. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.80 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. The firm's fifty day moving average price is $28.69 and its 200-day moving average price is $29.67. Conagra Brands, Inc. has a 12 month low of $26.21 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted 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). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $0.66 EPS. The business's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, October 31st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 5.05%. Conagra Brands's dividend payout ratio is presently 135.92%.

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.