Dynamic Advisor Solutions LLC Buys Shares of 7,864 Conagra Brands, Inc. (NYSE:CAG)

Dynamic Advisor Solutions LLC bought a new position in shares of Conagra Brands, Inc. (NYSE:CAG) during the 4th quarter, HoldingsChannel reports. The firm bought 7,864 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also recently made changes to their positions in CAG. Pacer Advisors Inc. grew its holdings in Conagra Brands by 21,015.0% during the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after buying an additional 10,604,367 shares in the last quarter. Two Sigma Advisers LP grew its stake in Conagra Brands by 106.4% during the third quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock valued at $197,624,000 after acquiring an additional 3,133,200 shares in the last quarter. Holocene Advisors LP bought a new stake in Conagra Brands during the 3rd quarter worth approximately $65,932,000. State Street Corp lifted its stake in Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock worth $796,229,000 after purchasing an additional 1,691,945 shares in the last quarter. Finally, Ilex Capital Partners UK LLP bought a new position in Conagra Brands in the 3rd quarter valued at $46,990,000. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Down 2.3 %

CAG opened at $25.62 on Wednesday. The company has a market cap of $12.23 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.72 and a beta of 0.29. Conagra Brands, Inc. has a 12 month low of $25.06 and a 12 month high of $33.24. The business’s 50-day moving average price is $27.04 and its 200-day moving average price is $29.12. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71.

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, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. On average, equities analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders 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 dividend yield of 5.47%. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CAG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Friday, December 20th. Barclays dropped their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Citigroup cut their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered 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. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Conagra Brands currently has an average 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.