Quadrature Capital Ltd Acquires New Position in Conagra Brands, Inc. (NYSE:CAG)

Quadrature Capital Ltd bought a new position in shares of Conagra Brands, Inc. (NYSE:CAG) during the third quarter, HoldingsChannel reports. The firm bought 12,719 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds also recently made changes to their positions in the company. Courier Capital LLC raised its position in shares of Conagra Brands by 1.3% during the 3rd quarter. Courier Capital LLC now owns 27,062 shares of the company’s stock valued at $880,000 after acquiring an additional 355 shares in the last quarter. CWM LLC raised its holdings in shares of Conagra Brands by 0.4% during the third quarter. CWM LLC now owns 87,222 shares of the company’s stock worth $2,836,000 after purchasing an additional 359 shares during the period. Empirical Finance LLC lifted its position in shares of Conagra Brands by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after buying an additional 362 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Conagra Brands by 0.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock valued at $1,716,000 after buying an additional 376 shares during the period. Finally, Bridgewater Advisors Inc. boosted its holdings in shares of Conagra Brands by 1.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock valued at $820,000 after buying an additional 376 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CAG shares. Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price objective on Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group began coverage on Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 target price on the stock. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America cut their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.63.

Conagra Brands Stock Up 1.8 %

Shares of CAG stock opened at $27.72 on Tuesday. The business’s fifty day moving average is $28.59 and its 200-day moving average is $29.65. Conagra Brands, Inc. has a 1 year low of $26.21 and a 1 year high of $33.24. The stock has a market cap of $13.23 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.33 and a current ratio of 0.94.

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

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st were given a $0.35 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 5.05%. Conagra Brands’s dividend payout ratio (DPR) is 135.92%.

Conagra Brands Company 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.