Conagra Brands, Inc. (NYSE:CAG) Stock Holdings Trimmed by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 97.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,344 shares of the company's stock after selling 80,114 shares during the period. TD Private Client Wealth LLC's holdings in Conagra Brands were worth $76,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Courier Capital LLC lifted its holdings in shares of Conagra Brands by 1.3% during the 3rd quarter. Courier Capital LLC now owns 27,062 shares of the company's stock worth $880,000 after acquiring an additional 355 shares during the period. CWM LLC raised its stake in Conagra Brands by 0.4% during the third quarter. CWM LLC now owns 87,222 shares of the company's stock worth $2,836,000 after purchasing an additional 359 shares during the period. Empirical Finance LLC boosted its holdings in shares of Conagra Brands by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock valued at $533,000 after purchasing an additional 362 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Conagra Brands by 0.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company's stock valued at $1,716,000 after buying an additional 376 shares during the period. Finally, Bridgewater Advisors Inc. increased its holdings in shares of Conagra Brands by 1.5% during 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 last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Down 1.1 %

Conagra Brands stock traded down $0.30 during midday trading on Monday, hitting $27.90. 5,300,505 shares of the stock were exchanged, compared to its average volume of 4,769,591. Conagra Brands, Inc. has a 1 year low of $26.21 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33. The firm has a market cap of $13.31 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.86 and a beta of 0.31. The company has a 50 day moving average price of $28.40 and a two-hundred day moving average price of $29.59.

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

Conagra Brands Dividend Announcement

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

Analysts Set New Price Targets

CAG has been the topic of a number of research analyst reports. Bank of America reduced their target price on Conagra Brands from $34.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, October 3rd. Citigroup decreased their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, December 11th. BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their target price on shares of Conagra Brands from $30.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 price target on shares of Conagra Brands in a report on Thursday, October 3rd. Six research 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 MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.50.

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.