Callan Family Office LLC Buys Shares of 50,984 Conagra Brands, Inc. (NYSE:CAG)

Callan Family Office LLC bought a new stake in shares of Conagra Brands, Inc. (NYSE:CAG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,984 shares of the company’s stock, valued at approximately $1,415,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAG. Van ECK Associates Corp lifted its holdings in Conagra Brands by 49.4% in the third quarter. Van ECK Associates Corp now owns 22,669 shares of the company’s stock valued at $737,000 after buying an additional 7,500 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in Conagra Brands by 4.9% in the third quarter. Concurrent Investment Advisors LLC now owns 27,570 shares of the company’s stock valued at $897,000 after buying an additional 1,291 shares during the period. Principal Financial Group Inc. lifted its holdings in Conagra Brands by 0.6% in the third quarter. Principal Financial Group Inc. now owns 573,789 shares of the company’s stock valued at $18,660,000 after buying an additional 3,597 shares during the period. AIA Group Ltd grew its stake in Conagra Brands by 19.6% during the third quarter. AIA Group Ltd now owns 13,856 shares of the company’s stock worth $451,000 after purchasing an additional 2,275 shares during the period. Finally, Philip James Wealth Mangement LLC acquired a new stake in Conagra Brands during the third quarter worth approximately $481,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Up 4.9 %

Shares of NYSE CAG opened at $27.25 on Friday. The stock has a market capitalization of $13.00 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a 50-day moving average price of $25.83 and a 200-day moving average price of $28.26. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

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

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, January 27th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Monday, January 27th. Conagra Brands’s dividend payout ratio is 137.25%.

Analysts Set New Price Targets

Several research firms recently commented on CAG. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company reduced their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Eight equities research 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, the stock currently has an average rating of “Hold” and an average price target of $28.33.

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.