TD Asset Management Inc Acquires 25,766 Shares of Conagra Brands (NYSE:CAG)

TD Asset Management Inc lifted its holdings in shares of Conagra Brands (NYSE:CAG) by 13.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 221,878 shares of the company’s stock after purchasing an additional 25,766 shares during the period. TD Asset Management Inc’s holdings in Conagra Brands were worth $5,917,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CAG. Alpine Bank Wealth Management bought a new stake in Conagra Brands in the 1st quarter worth $26,000. Capital Advisors Ltd. LLC grew its holdings in Conagra Brands by 82.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock worth $27,000 after acquiring an additional 452 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Conagra Brands by 235.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after acquiring an additional 741 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Conagra Brands in the 1st quarter worth $34,000. Finally, AdvisorNet Financial Inc grew its holdings in Conagra Brands by 86.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,491 shares of the company’s stock worth $40,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Conagra Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Evercore ISI cut their price target on shares of Conagra Brands from $26.00 to $24.00 and set an “in-line” rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada cut their price target on shares of Conagra Brands from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Finally, UBS Group dropped their target price on shares of Conagra Brands from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.58.

Conagra Brands Trading Up 1.4%

Shares of NYSE CAG opened at $18.52 on Friday. Conagra Brands has a 1 year low of $18.18 and a 1 year high of $33.24. The stock has a market cap of $8.84 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.11. The firm has a 50-day moving average of $20.79 and a 200 day moving average of $23.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.24.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, July 10th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.05). Conagra Brands had a net margin of 9.92% and a return on equity of 12.52%. The business had revenue of $2,781,800 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the business earned $0.61 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, July 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Wednesday, July 30th. Conagra Brands’s dividend payout ratio (DPR) is 58.58%.

Conagra Brands 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.