International Private Wealth Advisors LLC Acquires 527 Shares of Conagra Brands, Inc. (NYSE:CAG)

International Private Wealth Advisors LLC lifted its holdings in Conagra Brands, Inc. (NYSE:CAG) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,644 shares of the company’s stock after acquiring an additional 527 shares during the period. International Private Wealth Advisors LLC’s holdings in Conagra Brands were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Conagra Brands during the 4th quarter valued at approximately $28,000. Grove Bank & Trust boosted its position in shares of Conagra Brands by 65.4% during 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 last quarter. Abich Financial Wealth Management LLC purchased a new position in Conagra Brands during the third quarter valued at $47,000. ST Germain D J Co. Inc. increased 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 valued at $55,000 after acquiring an additional 529 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in Conagra Brands in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Down 1.3 %

Shares of CAG opened at $24.51 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 52-week low of $24.35 and a 52-week high of $33.24. The company has a market cap of $11.70 billion, a PE ratio of 24.02, a P/E/G ratio of 1.70 and a beta of 0.28. The business has a fifty day moving average of $26.66 and a 200 day moving average of $28.85.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.71%. Conagra Brands’s payout ratio is 137.26%.

Analysts Set New Price Targets

Several research analysts have commented on CAG shares. JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Stifel Nicolaus reduced their price objective on Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Citigroup cut their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Finally, Barclays decreased their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.33.

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.