Regent Investment Management LLC increased its position in Conagra Brands Inc (NYSE:CAG) by 9.0% during the 4th quarter, HoldingsChannel reports. The firm owned 9,945 shares of the company’s stock after acquiring an additional 820 shares during the quarter. Regent Investment Management LLC’s holdings in Conagra Brands were worth $212,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. JNBA Financial Advisors grew its stake in Conagra Brands by 761.4% in the third quarter. JNBA Financial Advisors now owns 4,393 shares of the company’s stock worth $149,000 after purchasing an additional 3,883 shares in the last quarter. IMS Capital Management grew its stake in Conagra Brands by 780.0% in the third quarter. IMS Capital Management now owns 4,400 shares of the company’s stock worth $149,000 after purchasing an additional 3,900 shares in the last quarter. Vectors Research Management LLC bought a new position in Conagra Brands in the third quarter worth approximately $165,000. Bray Capital Advisors bought a new position in Conagra Brands in the third quarter worth approximately $170,000. Finally, LFA Lugano Financial Advisors SA grew its stake in Conagra Brands by 137.6% in the third quarter. LFA Lugano Financial Advisors SA now owns 5,153 shares of the company’s stock worth $175,000 after purchasing an additional 2,984 shares in the last quarter. 70.48% of the stock is currently owned by institutional investors.
Shares of NYSE CAG opened at $21.45 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 1.58. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.31 and a beta of 0.69. Conagra Brands Inc has a 12-month low of $20.22 and a 12-month high of $39.43.
Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 20th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.12. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Conagra Brands had a return on equity of 19.45% and a net margin of 9.07%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities research analysts expect that Conagra Brands Inc will post 2.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Wednesday, January 30th will be given a $0.2125 dividend. The ex-dividend date is Tuesday, January 29th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.96%. Conagra Brands’s payout ratio is 40.28%.
CAG has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $44.00 price objective on shares of Conagra Brands in a research note on Wednesday, December 19th. Credit Suisse Group set a $39.00 target price on Conagra Brands and gave the company a “hold” rating in a research report on Thursday, December 20th. UBS Group raised Conagra Brands from a “neutral” rating to a “buy” rating and increased their target price for the company from $38.00 to $40.00 in a research report on Monday, October 8th. Goldman Sachs Group cut Conagra Brands from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research cut Conagra Brands from a “buy” rating to a “sell” rating in a research report on Wednesday, September 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.40.
Conagra Brands Company Profile
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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