Y.D. More Investments Ltd Buys 612 Shares of Conagra Brands, Inc. (NYSE:CAG)

Y.D. More Investments Ltd raised its stake in Conagra Brands, Inc. (NYSE:CAG) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,411 shares of the company’s stock after acquiring an additional 612 shares during the quarter. Y.D. More Investments Ltd’s holdings in Conagra Brands were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Conagra Brands in the second quarter valued at approximately $829,000. Czech National Bank lifted its position in shares of Conagra Brands by 7.1% during the 3rd quarter. Czech National Bank now owns 97,587 shares of the company’s stock valued at $3,174,000 after buying an additional 6,488 shares during the last quarter. Mather Group LLC. lifted its position in shares of Conagra Brands by 51.0% during the 3rd quarter. Mather Group LLC. now owns 4,638 shares of the company’s stock valued at $151,000 after buying an additional 1,567 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Conagra Brands by 0.7% during the 3rd quarter. Brookstone Capital Management now owns 337,267 shares of the company’s stock worth $10,968,000 after acquiring an additional 2,412 shares during the period. Finally, SL Advisors LLC purchased a new stake in Conagra Brands in the 3rd quarter worth about $95,000. 83.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Barclays lowered their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Bank of America cut their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Stifel Nicolaus decreased their price objective on Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. 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 company’s stock. Based on data from MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and an average target price of $30.33.

Conagra Brands Stock Up 0.3 %

Shares of NYSE CAG opened at $25.10 on Thursday. The stock has a market capitalization of $11.98 billion, a P/E ratio of 24.61, a PEG ratio of 1.76 and a beta of 0.28. 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, Inc. has a one year low of $24.85 and a one year high of $33.24. The firm’s 50 day simple moving average is $26.83 and its two-hundred day simple moving average is $28.96.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.70 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 analysts’ expectations of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders 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 yield of 5.58%. Conagra Brands’s payout ratio is currently 137.25%.

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.