Bahl & Gaynor Inc. Has $12.21 Million Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Bahl & Gaynor Inc. raised its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 425,914 shares of the company’s stock after purchasing an additional 13,147 shares during the quarter. Bahl & Gaynor Inc. owned 0.09% of Conagra Brands worth $12,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CAG. Syon Capital LLC acquired a new position in shares of Conagra Brands in the 4th quarter worth approximately $287,000. Community Bank N.A. boosted its holdings in shares of Conagra Brands by 5.5% in the 4th quarter. Community Bank N.A. now owns 46,480 shares of the company’s stock worth $1,332,000 after acquiring an additional 2,410 shares in the last quarter. Schnieders Capital Management LLC boosted its holdings in shares of Conagra Brands by 71.4% in the 4th quarter. Schnieders Capital Management LLC now owns 12,900 shares of the company’s stock worth $370,000 after acquiring an additional 5,375 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Conagra Brands in the 4th quarter worth approximately $191,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after acquiring an additional 454 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their target price on Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Barclays boosted their target price on Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Citigroup boosted their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada dropped their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of “Hold” and a consensus price target of $33.14.

Conagra Brands Trading Down 0.6 %

Shares of CAG traded down $0.20 during trading hours on Friday, reaching $31.07. The stock had a trading volume of 3,321,823 shares, compared to its average volume of 5,088,096. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $38.73. The firm has a 50-day moving average of $29.23 and a 200 day moving average of $28.67. The company has a market cap of $14.85 billion, a P/E ratio of 15.61, a P/E/G ratio of 3.17 and a beta of 0.42.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, April 4th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

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

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.