Bartlett & CO. Wealth Management LLC Trims Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Bartlett & CO. Wealth Management LLC lessened its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the company’s stock after selling 700 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Conagra Brands were worth $50,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC lifted its holdings in shares of Conagra Brands by 171.0% in the 4th quarter. SG Americas Securities LLC now owns 15,640 shares of the company’s stock worth $434,000 after acquiring an additional 9,868 shares during the last quarter. Dakota Wealth Management lifted its stake in Conagra Brands by 354.8% during the fourth quarter. Dakota Wealth Management now owns 38,045 shares of the company’s stock worth $1,056,000 after purchasing an additional 29,679 shares in the last quarter. Red Spruce Capital LLC boosted its position in shares of Conagra Brands by 7.8% during the fourth quarter. Red Spruce Capital LLC now owns 57,366 shares of the company’s stock worth $1,592,000 after buying an additional 4,136 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Conagra Brands by 106.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 73,678 shares of the company’s stock worth $2,045,000 after buying an additional 37,910 shares during the period. Finally, Bridgewater Advisors Inc. raised its holdings in shares of Conagra Brands by 15.9% in the 4th quarter. Bridgewater Advisors Inc. now owns 29,226 shares of the company’s stock valued at $761,000 after buying an additional 4,002 shares during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on CAG shares. Barclays lowered their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Friday. Wells Fargo & Company cut their target price on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Citigroup cut their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.33.

Conagra Brands Stock Up 1.6 %

Conagra Brands stock opened at $25.75 on Friday. The stock’s fifty day moving average is $27.06 and its two-hundred day moving average is $29.15. The stock has a market cap of $12.29 billion, a PE ratio of 25.24, a P/E/G ratio of 1.72 and a beta of 0.29. Conagra Brands, Inc. has a 1-year low of $25.06 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 announced its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.44%. Conagra Brands’s dividend payout ratio is currently 137.26%.

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.