Coldstream Capital Management Inc. Has $303,000 Holdings in Conagra Brands, Inc. (NYSE:CAG)

Coldstream Capital Management Inc. cut its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 79.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,574 shares of the company’s stock after selling 40,943 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Conagra Brands were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in Conagra Brands by 188.3% during the 4th quarter. Pacer Advisors Inc. now owns 153,336 shares of the company’s stock worth $4,395,000 after acquiring an additional 100,141 shares during the period. Teacher Retirement System of Texas boosted its position in Conagra Brands by 316.6% during the 4th quarter. Teacher Retirement System of Texas now owns 154,013 shares of the company’s stock worth $4,414,000 after acquiring an additional 117,042 shares during the period. The Manufacturers Life Insurance Company boosted its position in Conagra Brands by 120.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 859,656 shares of the company’s stock worth $23,572,000 after acquiring an additional 469,421 shares during the period. Valley Wealth Managers Inc. boosted its position in Conagra Brands by 7.7% during the 4th quarter. Valley Wealth Managers Inc. now owns 517,792 shares of the company’s stock worth $14,840,000 after acquiring an additional 37,149 shares during the period. Finally, Adams Asset Advisors LLC acquired a new stake in Conagra Brands during the 4th quarter worth about $7,690,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Down 0.5 %

Shares of CAG stock opened at $30.28 on Friday. The stock’s 50 day simple moving average is $30.30 and its 200 day simple moving average is $29.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. Conagra Brands, Inc. has a twelve month low of $25.16 and a twelve month high of $35.60. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 3.04 and a beta of 0.38.

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

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.62%. The ex-dividend date is Monday, April 29th. Conagra Brands’s dividend payout ratio is currently 70.35%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays lifted their price target on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their price target 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 target on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus lifted their price target on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.14.

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.