Farmers & Merchants Investments Inc. Has $397,000 Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Farmers & Merchants Investments Inc. raised its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,213 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Conagra Brands were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Conagra Brands in the second quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new stake in shares of Conagra Brands during the 2nd quarter valued at $25,000. Hexagon Capital Partners LLC lifted its stake in shares of Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after purchasing an additional 420 shares during the period. Whittier Trust Co. boosted its position in shares of Conagra Brands by 144.4% in the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock worth $42,000 after purchasing an additional 836 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Conagra Brands during the first quarter worth $42,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

CAG opened at $29.43 on Wednesday. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 3.03 and a beta of 0.32. The business’s 50-day moving average price is $31.01 and its two-hundred day moving average price is $30.25. Conagra Brands, Inc. has a 1 year low of $26.62 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.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the business posted $0.66 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.76%. Conagra Brands’s dividend payout ratio is 135.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAG. The Goldman Sachs Group initiated coverage on Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 target price on the stock. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Bank of America lowered their target price on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 3rd. Barclays reduced their price target on shares of Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Thursday, October 3rd. Six investment 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.63.

Insider Activity at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the sale, the chief operating officer now owns 161,443 shares in the company, valued at $4,890,108.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.51% of the stock is owned by company insiders.

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.