Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management boosted its position in Conagra Brands, Inc. (NYSE:CAG) by 18.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 399,454 shares of the company’s stock after purchasing an additional 62,187 shares during the period. Brookstone Capital Management’s holdings in Conagra Brands were worth $11,085,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Conagra Brands during the second quarter valued at about $511,000. Choreo LLC bought a new stake in Conagra Brands in the second quarter worth about $418,000. LPL Financial LLC raised its position in Conagra Brands by 20.1% in the second quarter. LPL Financial LLC now owns 1,365,652 shares of the company’s stock worth $38,812,000 after acquiring an additional 228,202 shares in the last quarter. Meeder Advisory Services Inc. raised its position in Conagra Brands by 25.5% in the second quarter. Meeder Advisory Services Inc. now owns 10,808 shares of the company’s stock worth $307,000 after acquiring an additional 2,197 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Conagra Brands by 13.6% in the second quarter. Parallel Advisors LLC now owns 12,852 shares of the company’s stock worth $365,000 after acquiring an additional 1,535 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Trading Up 1.4 %

NYSE:CAG opened at $26.31 on Tuesday. 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, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $33.24. The stock’s 50-day moving average is $27.48 and its two-hundred day moving average is $29.32. The stock has a market cap of $12.56 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 2.91 and a beta of 0.29.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts forecast 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 paid a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.32%. Conagra Brands’s dividend payout ratio (DPR) is presently 137.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CAG. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Bank of America dropped their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Barclays dropped 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 report on Monday, December 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Wells Fargo & Company dropped their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.56.

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.