Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,940 shares of the company’s stock after buying an additional 757 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Conagra Brands were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its stake in Conagra Brands by 6.9% during the fourth quarter. Valley Wealth Managers Inc. now owns 564,586 shares of the company’s stock valued at $15,667,000 after buying an additional 36,551 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Conagra Brands by 28.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 25,540 shares of the company’s stock worth $709,000 after purchasing an additional 5,721 shares during the period. Kornitzer Capital Management Inc. KS raised its position in shares of Conagra Brands by 7.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 818,384 shares of the company’s stock worth $22,710,000 after purchasing an additional 59,242 shares during the period. D.A. Davidson & CO. raised its position in shares of Conagra Brands by 4.4% during the 4th quarter. D.A. Davidson & CO. now owns 194,693 shares of the company’s stock worth $5,403,000 after purchasing an additional 8,222 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock worth $2,346,000 after purchasing an additional 501 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Up 1.5 %

CAG opened at $24.27 on Thursday. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The stock has a market cap of $11.58 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.72 and a beta of 0.28. The stock’s 50 day moving average price is $26.26 and its 200 day moving average price is $28.59.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. As a group, research analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently declared 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. This represents a $1.40 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s payout ratio is currently 137.26%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CAG shares. Stifel Nicolaus dropped their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday. Citigroup dropped 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. dropped their price target on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Bank of America dropped 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 Friday, December 20th. Finally, Wells Fargo & Company dropped their price target on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.78.

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.