Groupama Asset Managment Acquires Shares of 19,245 Conagra Brands $CAG

Groupama Asset Managment acquired a new stake in shares of Conagra Brands (NYSE:CAG) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,245 shares of the company’s stock, valued at approximately $511,000.

Other large investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Conagra Brands during the 1st quarter valued at $26,000. Capital Advisors Ltd. LLC raised its stake in shares of Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock worth $27,000 after purchasing an additional 452 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Conagra Brands during the 1st quarter worth $27,000. Golden State Wealth Management LLC raised its stake in shares of Conagra Brands by 235.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after purchasing an additional 741 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Conagra Brands during the 1st quarter worth $34,000. 83.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAG has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $21.00 target price on Conagra Brands and gave the stock a “market perform” rating in a research note on Friday, July 11th. Evercore ISI lowered their target price on Conagra Brands from $26.00 to $24.00 and set an “in-line” rating on the stock in a research note on Friday, July 11th. Stifel Nicolaus lowered their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Morgan Stanley lowered their target price on Conagra Brands from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, July 11th. Finally, UBS Group lowered their target price on Conagra Brands from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $22.17.

Conagra Brands Trading Up 0.2%

Shares of CAG opened at $19.2950 on Friday. The business has a 50-day moving average of $19.86 and a 200 day moving average of $23.01. Conagra Brands has a fifty-two week low of $18.18 and a fifty-two week high of $33.24. The firm has a market cap of $9.24 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.24 and a current ratio of 0.71.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). The firm had revenue of $2,781,800 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, research analysts forecast that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, July 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 58.58%.

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.