Centaurus Financial Inc. Has $160,000 Position in Conagra Brands, Inc. (NYSE:CAG)

Centaurus Financial Inc. cut its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,916 shares of the company’s stock after selling 1,364 shares during the period. Centaurus Financial Inc.’s holdings in Conagra Brands were worth $160,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CAG. Aigen Investment Management LP acquired a new position in shares of Conagra Brands during the third quarter worth $1,020,000. Pacer Advisors Inc. raised its position in Conagra Brands by 21,015.0% during the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after purchasing an additional 10,604,367 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Conagra Brands during the 3rd quarter worth about $3,829,000. Swedbank AB bought a new stake in shares of Conagra Brands in the 1st quarter valued at about $18,268,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Conagra Brands in the third quarter valued at about $967,000. 83.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CAG. Wells Fargo & Company lifted 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a research note on Thursday, October 3rd. Bank of America cut their price target 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. The Goldman Sachs Group assumed coverage on Conagra Brands in a report on Monday, August 12th. They set a “buy” rating and a $36.00 price target for the company. Finally, BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.63.

Conagra Brands Stock Performance

Shares of CAG opened at $27.45 on Thursday. Conagra Brands, Inc. has a one year low of $26.21 and a one year high of $33.24. The company has a market cap of $13.10 billion, a PE ratio of 26.77, a P/E/G ratio of 2.83 and a beta of 0.34. The stock has a 50-day moving average of $29.47 and a 200-day moving average of $29.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33.

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

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 5.10%. Conagra Brands’s payout ratio is 135.92%.

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.