320,331 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Conagra Brands, Inc. (NYSE:CAG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 320,331 shares of the company’s stock, valued at approximately $8,889,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Brookstone Capital Management grew its stake in shares of Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock worth $11,085,000 after acquiring an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Conagra Brands by 110.8% in the 3rd 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 during the period. Nordea Investment Management AB grew its position in Conagra Brands by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after purchasing an additional 618,096 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Conagra Brands during the 3rd quarter worth about $1,020,000. Finally, Pacer Advisors Inc. raised its position in shares of Conagra Brands by 21,015.0% during the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after buying an additional 10,604,367 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Trading Down 0.8 %

Shares of Conagra Brands stock opened at $24.82 on Friday. Conagra Brands, Inc. has a 12-month low of $24.64 and a 12-month high of $33.24. The stock has a market capitalization of $11.84 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.70 and a beta of 0.28. The company has a 50-day simple moving average of $26.73 and a 200 day simple moving average of $28.90. 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 (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 net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue was down .4% on a year-over-year basis. Research analysts expect 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 given a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.64%. Conagra Brands’s payout ratio is 137.26%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Citigroup decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus decreased their price target on shares of Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Barclays dropped their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Seven equities research 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. According to MarketBeat, the company currently 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.