Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Schnieders Capital Management LLC

Schnieders Capital Management LLC grew its position in Conagra Brands, Inc. (NYSE:CAG) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,900 shares of the company’s stock after acquiring an additional 900 shares during the period. Schnieders Capital Management LLC’s holdings in Conagra Brands were worth $275,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Empirical Finance LLC raised its position in shares of Conagra Brands by 2.3% in the third quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after acquiring an additional 362 shares during the period. Bridgewater Advisors Inc. raised its position in shares of Conagra Brands by 1.5% during the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock worth $820,000 after purchasing an additional 376 shares during the last quarter. Grove Bank & Trust raised its position in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after purchasing an additional 447 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock worth $2,346,000 after purchasing an additional 501 shares during the last quarter. Finally, International Private Wealth Advisors LLC raised its position in shares of Conagra Brands by 5.2% during the 4th quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock worth $295,000 after purchasing an additional 527 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Down 2.9 %

CAG stock opened at $25.34 on Thursday. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.76 and a beta of 0.28. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The firm has a 50-day moving average of $26.03 and a two-hundred day moving average of $28.44.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.52%. Conagra Brands’s dividend payout ratio (DPR) is 137.25%.

Analyst Ratings Changes

Several research firms recently weighed in on CAG. Bank of America reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.67.

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.