Landscape Capital Management L.L.C. Has $4.56 Million Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Landscape Capital Management L.L.C. boosted its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 125.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,207 shares of the company’s stock after acquiring an additional 91,214 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Conagra Brands were worth $4,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Conagra Brands during the 4th quarter worth approximately $28,000. Riverview Trust Co bought a new stake in shares of Conagra Brands in the fourth quarter valued at about $29,000. Grove Bank & Trust grew its stake in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after acquiring an additional 447 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Conagra Brands in the 4th quarter worth about $41,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Conagra Brands during the 4th quarter worth approximately $44,000. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CAG. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of 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 research report on Monday, February 24th. Barclays lowered their price objective on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Finally, Wells Fargo & Company dropped their target price 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. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Conagra Brands has a consensus rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Trading Up 1.3 %

Shares of Conagra Brands stock opened at $26.71 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $25.72 and a 200 day simple moving average of $27.51. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a market capitalization of $12.75 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

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

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.24%. Conagra Brands’s payout ratio is presently 137.25%.

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.