KMG Fiduciary Partners LLC Has $1.41 Million Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

KMG Fiduciary Partners LLC lifted its position in Conagra Brands, Inc. (NYSE:CAG) by 5.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 47,631 shares of the company’s stock after purchasing an additional 2,508 shares during the period. KMG Fiduciary Partners LLC’s holdings in Conagra Brands were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. First United Bank & Trust bought a new stake in Conagra Brands during the fourth quarter valued at about $26,000. Naples Money Management LLC bought a new stake in Conagra Brands during the 4th quarter valued at approximately $26,000. Advantage Trust Co acquired a new stake in Conagra Brands in the 4th quarter valued at approximately $34,000. Parkside Financial Bank & Trust grew its holdings in Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock valued at $40,000 after buying an additional 454 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in Conagra Brands by 143.3% in the 4th quarter. Bogart Wealth LLC now owns 1,550 shares of the company’s stock worth $44,000 after buying an additional 913 shares during the period. 83.75% of the stock is owned by institutional investors.

Insider Transactions at Conagra Brands

In related news, EVP Charisse Brock sold 15,444 shares of Conagra Brands stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total transaction of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares of the company’s stock, valued at approximately $3,439,523.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAG. Wells Fargo & Company raised 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 note on Friday, April 5th. Stifel Nicolaus raised their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. 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 report on Friday, April 5th. Finally, Barclays increased their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands presently has an average rating of “Hold” and a consensus target price of $33.14.

Conagra Brands Stock Up 1.1 %

Shares of CAG opened at $28.82 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $30.13 and a two-hundred day moving average price of $29.29. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 2.79 and a beta of 0.32. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $34.65.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, April 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $3.03 billion during 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%. Conagra Brands’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Equities analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 4.86%. 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.