Jeppson Wealth Management LLC Acquires 7,531 Shares of Conagra Brands, Inc. (NYSE:CAG)

Jeppson Wealth Management LLC increased its stake in Conagra Brands, Inc. (NYSE:CAG) by 61.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,866 shares of the company’s stock after buying an additional 7,531 shares during the period. Jeppson Wealth Management LLC’s holdings in Conagra Brands were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its position in shares of Conagra Brands by 65.8% during the second quarter. Public Sector Pension Investment Board now owns 18,000 shares of the company’s stock valued at $512,000 after buying an additional 7,143 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Conagra Brands during the 2nd quarter valued at about $1,003,000. Creative Planning lifted its stake in shares of Conagra Brands by 3.3% during the 2nd quarter. Creative Planning now owns 155,574 shares of the company’s stock valued at $4,421,000 after buying an additional 4,914 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of Conagra Brands by 6.6% in the second quarter. Systematic Financial Management LP now owns 34,150 shares of the company’s stock worth $971,000 after acquiring an additional 2,120 shares during the period. Finally, Kimelman & Baird LLC bought a new position in Conagra Brands in the 2nd quarter worth approximately $224,000. Institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of research reports. Barclays reduced their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Bank of America dropped their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Citigroup reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Stifel Nicolaus lowered their target price on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Friday. Finally, BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Conagra Brands presently has an average rating of “Hold” and an average target price of $30.33.

Conagra Brands Stock Performance

Conagra Brands stock opened at $26.17 on Tuesday. Conagra Brands, Inc. has a fifty-two week low of $25.06 and a fifty-two week high of $33.24. The company has a market capitalization of $12.49 billion, a PE ratio of 25.66, a P/E/G ratio of 1.72 and a beta of 0.29. The company has a 50 day moving average price of $27.05 and a 200-day moving average price of $29.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts forecast that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.35%. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

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.