Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Ieq Capital LLC

Ieq Capital LLC trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 16.9% during the fourth quarter, Holdings Channel reports. The firm owned 36,969 shares of the company’s stock after selling 7,520 shares during the quarter. Ieq Capital LLC’s holdings in Conagra Brands were worth $1,026,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands during the 4th quarter valued at about $28,000. Grove Bank & Trust boosted its stake in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after acquiring an additional 447 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of Conagra Brands during the third quarter valued at approximately $47,000. Stonebridge Financial Group LLC acquired a new stake in shares of Conagra Brands during the 4th quarter worth approximately $44,000. Finally, Kennebec Savings Bank bought a new stake in shares of Conagra Brands in the 3rd quarter worth approximately $59,000. 83.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus lowered their price objective 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. Wells Fargo & Company lowered their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective 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. Citigroup decreased their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Finally, Bank of America dropped their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands presently has a consensus rating of “Hold” and a consensus price target of $28.67.

Conagra Brands Trading Up 0.1 %

Conagra Brands stock opened at $25.83 on Tuesday. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month 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. The stock has a market capitalization of $12.33 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.28. The firm has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $28.49.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $3.20 billion for 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 quarter in the previous year, the business earned $0.71 EPS. As a group, equities research analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

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 dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.42%. Conagra Brands’s dividend payout ratio (DPR) is 137.25%.

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.