2 weeks Ago By ABMN Staff
Shares of Conagra Brands, Inc. ( NYSE:CAG – Get Free Report ) have earned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.
The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.10. A number of brokerages have recently weighed in on CAG.
Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th.
Citigroup cut their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, June 28th.
Evercore ISI decreased their price objective on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, July 12th.
Barclays lowered their target price on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, July 12th.
Finally, The Goldman Sachs Group began coverage on Conagra Brands in a research report on Monday, August 12th. They set a “buy” rating and a $36.00 price target on the stock.
View Our Latest Report on Conagra Brands Conagra Brands Price Performance Conagra Brands ( NYSE:CAG – Get Free Report ) last released its quarterly earnings results on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
57 by $0.04. Conagra Brands had a return on equity of 14.
31% and a net margin of 2.88%. The business had revenue of $2.
91 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the business posted $0.
62 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis.
On average, analysts predict that Conagra Brands will post 2.61 EPS for the current fiscal year. Conagra Brands Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th.
Stockholders of record on Thursday, August 1st were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, August 1st.
This represents a $1.40 annualized dividend and a dividend yield of 4.31%.
Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%. Insider Buying and Selling In other news, COO Thomas M.
Mcgough sold 40,000 shares of Conagra Brands stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total transaction of $1,211,600.
00. Following the sale, the chief operating officer now owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . 0.88% of the stock is currently owned by insiders.
Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in Conagra Brands during the 2nd quarter valued at about $25,000. Chilton Capital Management LLC purchased a new position in shares of Conagra Brands during the second quarter valued at approximately $25,000.
Whittier Trust Co. boosted its position in shares of Conagra Brands by 144.4% in the 1st quarter.
Whittier Trust Co. now owns 1,415 shares of the company’s stock worth $42,000 after purchasing an additional 836 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Conagra Brands in the 1st quarter worth approximately $42,000.
Finally, Security National Bank bought a new position in Conagra Brands during the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.
About Conagra Brands ( Get Free Report 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.
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