Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 5.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,908 shares of the company’s stock after selling 2,713 shares during the quarter. Romano Brothers AND Company’s holdings in Conagra Brands were worth $1,246,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after acquiring an additional 420 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Conagra Brands in the fourth quarter valued at about $28,000. Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands during the third quarter worth about $47,000. Kennebec Savings Bank purchased a new stake in shares of Conagra Brands in the third quarter worth about $59,000. Finally, Quarry LP grew its stake in shares of Conagra Brands by 229.7% in the third quarter. Quarry LP now owns 1,820 shares of the company’s stock valued at $59,000 after buying an additional 1,268 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAG has been the topic of several recent research reports. Citigroup reduced their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands 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. According to MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and an average price target of $30.56.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $25.83 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 1 year low of $25.35 and a 1 year high of $33.24. The firm’s 50-day simple moving average is $27.25 and its 200-day simple moving average is $29.25. The firm has a market cap of $12.33 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.29.

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

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio is presently 137.26%.

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.