Quent Capital LLC Has $44,000 Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Quent Capital LLC trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 30.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,600 shares of the company’s stock after selling 711 shares during the period. Quent Capital LLC’s holdings in Conagra Brands were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brookstone Capital Management grew its stake in Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock valued at $11,085,000 after purchasing an additional 62,187 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Conagra Brands by 110.8% in the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock valued at $1,196,000 after purchasing an additional 19,329 shares in the last quarter. Nordea Investment Management AB grew its stake in Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after purchasing an additional 618,096 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Conagra Brands by 41.0% in the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock valued at $2,175,000 after purchasing an additional 22,790 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Conagra Brands in the third quarter valued at about $1,020,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Price Performance

NYSE CAG opened at $25.00 on Friday. Conagra Brands, Inc. has a twelve month low of $24.18 and a twelve month 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 stock has a market capitalization of $11.93 billion, a PE ratio of 24.51, a P/E/G ratio of 1.70 and a beta of 0.28. The stock has a 50-day simple moving average of $26.50 and a 200 day simple moving average of $28.76.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was down .4% compared to the same quarter last year. Research analysts anticipate that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.60%. Conagra Brands’s dividend payout ratio is presently 137.25%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CAG. Barclays lowered their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus decreased their price target on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Citigroup decreased their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Bank of America decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.33.

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.