ValuEngine upgraded shares of Conagra Brands (NYSE:CAG) from a sell rating to a hold rating in a research note released on Monday morning.

CAG has been the topic of several other reports. Jefferies Financial Group set a $44.00 price target on Conagra Brands and gave the company a buy rating in a research report on Thursday, September 27th. UBS Group upgraded Conagra Brands from a neutral rating to a buy rating and upped their price target for the company from $38.00 to $40.00 in a research report on Monday. Zacks Investment Research cut Conagra Brands from a buy rating to a sell rating in a research report on Wednesday, September 26th. Citigroup decreased their price target on Conagra Brands from $43.00 to $42.00 and set a buy rating on the stock in a research report on Thursday, June 28th. Finally, Stephens began coverage on shares of Conagra Brands in a research report on Monday, August 20th. They issued an overweight rating and a $45.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $42.78.

Shares of CAG opened at $35.27 on Monday. Conagra Brands has a twelve month low of $32.81 and a twelve month high of $39.43. The stock has a market cap of $13.30 billion, a PE ratio of 16.72, a P/E/G ratio of 1.92 and a beta of 0.31. The company has a current ratio of 0.84, a quick ratio of 0.39 and a debt-to-equity ratio of 0.85.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, September 27th. The company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). Conagra Brands had a net margin of 10.47% and a return on equity of 22.50%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts predict that Conagra Brands will post 2.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 17th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, October 16th. Conagra Brands’s dividend payout ratio (DPR) is 40.28%.

In related news, EVP Colleen Batcheler sold 22,750 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $36.00, for a total value of $819,000.00. Following the transaction, the executive vice president now directly owns 163,145 shares in the company, valued at $5,873,220. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. HPM Partners LLC increased its position in shares of Conagra Brands by 7.8% in the second quarter. HPM Partners LLC now owns 18,986 shares of the company’s stock worth $678,000 after purchasing an additional 1,373 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Conagra Brands by 6.0% in the second quarter. Baird Financial Group Inc. now owns 24,824 shares of the company’s stock worth $887,000 after buying an additional 1,415 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in Conagra Brands by 0.9% in the second quarter. Tocqueville Asset Management L.P. now owns 178,140 shares of the company’s stock worth $6,365,000 after buying an additional 1,502 shares in the last quarter. Captrust Financial Advisors boosted its stake in Conagra Brands by 5.8% in the second quarter. Captrust Financial Advisors now owns 29,516 shares of the company’s stock worth $1,055,000 after buying an additional 1,628 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in Conagra Brands by 2.1% in the second quarter. Ontario Teachers Pension Plan Board now owns 80,125 shares of the company’s stock worth $2,863,000 after buying an additional 1,649 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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Analyst Recommendations for Conagra Brands (NYSE:CAG)

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