142,199 Shares in Conagra Brands, Inc. (NYSE:CAG) Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. bought a new position in Conagra Brands, Inc. (NYSE:CAG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 142,199 shares of the company’s stock, valued at approximately $3,946,000. Conagra Brands makes up about 1.9% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 23rd biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management grew its position in Conagra Brands by 18.4% during the 4th 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. State of Alaska Department of Revenue boosted its stake in shares of Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock valued at $2,175,000 after purchasing an additional 22,790 shares during the period. Nordea Investment Management AB grew its holdings in shares of Conagra Brands by 5.3% in the fourth 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. Sound Income Strategies LLC increased its stake in shares of Conagra Brands by 13.2% in the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company’s stock worth $3,756,000 after buying an additional 15,834 shares during the period. Finally, Machina Capital S.A.S. bought a new stake in Conagra Brands during the 4th quarter valued at $558,000. 83.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Bank of America lowered 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. Morgan Stanley initiated coverage on Conagra Brands in a report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price objective for the company. The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, Stifel Nicolaus cut their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Conagra Brands has an average rating of “Hold” and a consensus target price of $27.90.

Conagra Brands Trading Down 2.3 %

NYSE:CAG opened at $25.59 on Wednesday. The firm has a market capitalization of $12.21 billion, a P/E ratio of 25.08, a PEG ratio of 1.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The company’s 50-day simple moving average is $25.74 and its 200 day simple moving average is $27.05.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. As a group, analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.47%. Conagra Brands’s dividend payout ratio (DPR) is presently 205.88%.

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.