Bryn Mawr Capital Management LLC Has $796,000 Position in Conagra Brands, Inc. (NYSE:CAG)

Bryn Mawr Capital Management LLC reduced its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,783 shares of the company’s stock after selling 8,872 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Conagra Brands were worth $796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CAG. Exchange Traded Concepts LLC raised its holdings in Conagra Brands by 8.6% during the third quarter. Exchange Traded Concepts LLC now owns 18,546 shares of the company’s stock worth $509,000 after acquiring an additional 1,474 shares in the last quarter. Private Trust Co. NA raised its holdings in Conagra Brands by 5.1% during the third quarter. Private Trust Co. NA now owns 11,373 shares of the company’s stock worth $312,000 after acquiring an additional 557 shares in the last quarter. Caprock Group LLC raised its stake in Conagra Brands by 10.9% in the third quarter. Caprock Group LLC now owns 15,590 shares of the company’s stock valued at $427,000 after buying an additional 1,530 shares during the period. Czech National Bank raised its stake in Conagra Brands by 47.9% in the third quarter. Czech National Bank now owns 83,521 shares of the company’s stock valued at $2,290,000 after buying an additional 27,065 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Conagra Brands by 124.4% in the third quarter. Handelsbanken Fonder AB now owns 567,135 shares of the company’s stock valued at $15,551,000 after buying an additional 314,411 shares during the period. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CAG shares. Wells Fargo & Company upped their price objective on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Stifel Nicolaus upped their price objective on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Royal Bank of Canada decreased their target price on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 3rd. Barclays upped their target price on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Citigroup upped their target price on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.14.

Conagra Brands Trading Down 0.6 %

Shares of CAG stock opened at $31.07 on Friday. The stock’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $28.67. The company has a market cap of $14.85 billion, a PE ratio of 15.61, a P/E/G ratio of 3.14 and a beta of 0.42. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $38.73. 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 (NYSE:CAG) last issued its earnings results on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm 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 was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Equities analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands’s dividend payout ratio is presently 70.35%.

About Conagra Brands

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.