Greenleaf Trust Has $347,000 Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Greenleaf Trust cut its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,094 shares of the company’s stock after selling 1,864 shares during the quarter. Greenleaf Trust’s holdings in Conagra Brands were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CAG. Riverview Trust Co grew its position in Conagra Brands by 132.8% during the third quarter. Riverview Trust Co now owns 945 shares of the company’s stock worth $26,000 after buying an additional 539 shares in the last quarter. Naples Money Management LLC acquired a new stake in Conagra Brands during the fourth quarter worth about $26,000. Thompson Investment Management Inc. boosted its holdings in Conagra Brands by 100.0% during the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Conagra Brands during the third quarter valued at approximately $33,000. Finally, Ronald Blue Trust Inc. boosted its holdings in Conagra Brands by 134.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $41,000 after purchasing an additional 857 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Up 0.5 %

Shares of CAG opened at $31.27 on Wednesday. The company has a market capitalization of $14.95 billion, a P/E ratio of 15.71, a PEG ratio of 3.12 and a beta of 0.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. Conagra Brands, Inc. has a one year low of $25.16 and a one year high of $38.73. The business’s 50 day simple moving average is $28.98 and its 200-day simple moving average is $28.61.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company posted $0.76 EPS. Conagra Brands’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CAG shares. Wells Fargo & Company lifted their price objective on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Citigroup lifted their price objective on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Barclays lifted their price objective on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Stifel Nicolaus lifted their price objective on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada decreased their price objective on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.14.

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.