All Terrain Financial Advisors LLC Sells 1,991 Shares of Conagra Brands, Inc. (NYSE:CAG)

All Terrain Financial Advisors LLC reduced its stake in Conagra Brands, Inc. (NYSE:CAG) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,220 shares of the company’s stock after selling 1,991 shares during the period. Conagra Brands makes up about 1.2% of All Terrain Financial Advisors LLC’s holdings, making the stock its 21st largest holding. All Terrain Financial Advisors LLC’s holdings in Conagra Brands were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CAG. Innealta Capital LLC purchased a new stake in Conagra Brands during the second quarter valued at about $25,000. Chilton Capital Management LLC bought a new stake in shares of Conagra Brands in the second quarter worth about $25,000. Hexagon Capital Partners LLC grew its stake in shares of Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after purchasing an additional 420 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Conagra Brands in the first quarter worth about $42,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Conagra Brands in the third quarter worth about $47,000. 83.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CAG shares. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Bank of America cut their price objective on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research report on Thursday, October 3rd. The Goldman Sachs Group assumed coverage on Conagra Brands in a research report on Monday, August 12th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Trading Up 0.2 %

Conagra Brands stock traded up $0.05 during midday trading on Tuesday, reaching $27.50. The stock had a trading volume of 364,493 shares, compared to its average volume of 4,744,473. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. Conagra Brands, Inc. has a 52-week low of $26.21 and a 52-week high of $33.24. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.82 and a beta of 0.34. The company has a fifty day moving average of $29.57 and a 200 day moving average of $29.88.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts anticipate that Conagra Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Thursday, October 31st. Conagra Brands’s dividend payout ratio (DPR) is presently 135.92%.

Conagra Brands Company 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.