Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC grew its position in Conagra Brands, Inc. (NYSE:CAG) by 61.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,866 shares of the company’s stock after purchasing 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 SEC filing.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Conagra Brands during the 4th quarter worth $28,000. Hexagon Capital Partners LLC boosted its holdings in Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares in the last quarter. Grove Bank & Trust grew its stake in shares of Conagra Brands by 65.4% during the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after acquiring an additional 447 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands during the third quarter valued at about $47,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Conagra Brands by 36.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after purchasing an additional 529 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CAG. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus cut their price target on shares of Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Friday. Bank of America decreased their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Finally, BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Seven 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. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and a consensus target price of $30.33.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $26.17 on Tuesday. The company has a market capitalization of $12.49 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.72 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company’s fifty day moving average price is $27.05 and its 200 day moving average price is $29.14. Conagra Brands, Inc. has a 1 year low of $25.06 and a 1 year high of $33.24.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts predict that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Announces Dividend

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

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.