Premier Path Wealth Partners LLC Increases Holdings in Conagra Brands, Inc. (NYSE:CAG)

Premier Path Wealth Partners LLC increased its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 45,388 shares of the company’s stock after buying an additional 4,677 shares during the period. Premier Path Wealth Partners LLC’s holdings in Conagra Brands were worth $1,260,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CAG. Brookstone Capital Management lifted its holdings 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 buying an additional 62,187 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Conagra Brands by 110.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock worth $1,196,000 after acquiring an additional 19,329 shares during the period. Nordea Investment Management AB lifted its stake 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 in the last quarter. Aigen Investment Management LP bought a new position in Conagra Brands in the 3rd quarter valued at $1,020,000. Finally, Pacer Advisors Inc. grew its position in shares of Conagra Brands by 21,015.0% during the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after purchasing an additional 10,604,367 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.1 %

CAG stock opened at $25.83 on Friday. Conagra Brands, Inc. has a one year low of $25.35 and a one year high of $33.24. The company has a market capitalization 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. The company’s 50 day moving average price is $27.25 and its two-hundred day moving average price is $29.24. 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 (NYSE:CAG) last posted its quarterly earnings results 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 business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given 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 5.42%. Conagra Brands’s payout ratio is 137.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CAG shares. Citigroup lowered their price objective 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. Bank of America dropped their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.56.

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.