Edmp Inc. Has $219,000 Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Edmp Inc. raised its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,880 shares of the company’s stock after purchasing an additional 1,458 shares during the quarter. Edmp Inc.’s holdings in Conagra Brands were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Conagra Brands during the 4th quarter worth approximately $28,000. Grove Bank & Trust boosted its stake in shares of Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after purchasing an additional 447 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Conagra Brands during the 4th quarter valued at about $44,000. Abich Financial Wealth Management LLC acquired a new position in Conagra Brands in the third quarter valued at about $47,000. Finally, ST Germain D J Co. Inc. increased its holdings in shares of Conagra Brands by 36.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $55,000 after buying an additional 529 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Down 1.3 %

NYSE CAG opened at $24.51 on Tuesday. Conagra Brands, Inc. has a 12 month low of $24.35 and a 12 month high of $33.24. The stock has a 50-day simple moving average of $26.66 and a 200 day simple moving average of $28.85. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.70 billion, a PE ratio of 24.02, a P/E/G ratio of 1.70 and a beta of 0.28.

Conagra Brands (NYSE:CAG) last announced its quarterly 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. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. Conagra Brands’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. Research analysts forecast that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s payout ratio is presently 137.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Bank of America dropped 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 report on Friday, December 20th. Finally, Wells Fargo & Company decreased their price objective on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Seven 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.33.

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.