B.O.S.S. Retirement Advisors LLC Buys 2,666 Shares of Conagra Brands, Inc. (NYSE:CAG)

B.O.S.S. Retirement Advisors LLC boosted its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,698 shares of the company’s stock after acquiring an additional 2,666 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Conagra Brands were worth $1,551,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Conagra Brands during the second quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new position in shares of Conagra Brands during the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its position in shares of Conagra Brands by 82.8% during the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after buying an additional 420 shares during the period. Whittier Trust Co. boosted its position in shares of Conagra Brands by 144.4% during the first quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after buying an additional 836 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Conagra Brands during the first quarter valued at approximately $42,000. 83.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Citigroup lowered their price target on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Barclays lowered their price target on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Finally, Evercore ISI lowered their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Conagra Brands currently has an average rating of “Hold” and a consensus price target of $31.63.

Conagra Brands Stock Performance

Shares of CAG stock opened at $29.72 on Thursday. The business’s fifty day simple moving average is $31.15 and its 200-day simple moving average is $30.29. The company has a market cap of $14.21 billion, a PE ratio of 40.71, a PEG ratio of 3.01 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. Conagra Brands, Inc. has a 12-month low of $26.62 and a 12-month high of $33.24.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. Analysts expect that Conagra Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, October 31st. Conagra Brands’s payout ratio is 191.78%.

Insider Activity at Conagra Brands

In related news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the transaction, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at $4,890,108.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by insiders.

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.