Conagra Brands (NYSE:CAG) Receives Consensus Recommendation of “Reduce” from Analysts

Conagra Brands (NYSE:CAG) has received a consensus rating of “Reduce” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.2667.

A number of analysts have weighed in on CAG shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, March 30th. BNP Paribas Exane cut their target price on Conagra Brands from $22.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. Wells Fargo & Company cut their target price on Conagra Brands from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group cut their target price on Conagra Brands from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Sanford C. Bernstein cut their target price on Conagra Brands from $18.00 to $16.00 and set a “market perform” rating for the company in a research note on Thursday, April 2nd.

Hedge Funds Weigh In On Conagra Brands

A number of large investors have recently modified their holdings of the business. WealthPlan Investment Management LLC raised its stake in shares of Conagra Brands by 5.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock worth $189,000 after buying an additional 548 shares in the last quarter. Sutton Place Investors LLC raised its stake in shares of Conagra Brands by 1.9% during the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock worth $571,000 after buying an additional 585 shares in the last quarter. International Private Wealth Advisors LLC raised its stake in shares of Conagra Brands by 4.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company’s stock worth $228,000 after buying an additional 609 shares in the last quarter. All Terrain Financial Advisors LLC raised its stake in shares of Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after buying an additional 609 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Conagra Brands by 0.5% in the 3rd quarter. Blair William & Co. IL now owns 136,235 shares of the company’s stock valued at $2,494,000 after purchasing an additional 633 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 0.3%

Conagra Brands stock opened at $15.78 on Tuesday. Conagra Brands has a twelve month low of $15.03 and a twelve month high of $26.94. The stock has a 50 day moving average of $17.72 and a two-hundred day moving average of $17.68. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of -157.73 and a beta of 0.04.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, April 30th. Conagra Brands’s dividend payout ratio is -1,400.00%.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.