Segall Bryant & Hamill LLC Invests $1.11 Million in Conagra Brands, Inc. (NYSE:CAG)

Segall Bryant & Hamill LLC acquired a new position in Conagra Brands, Inc. (NYSE:CAG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,200 shares of the company’s stock, valued at approximately $1,112,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new position in shares of Conagra Brands in the 2nd quarter worth about $25,000. Innealta Capital LLC purchased a new position in shares of Conagra Brands in the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC boosted its holdings in shares of Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after purchasing an additional 420 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Conagra Brands in the 1st quarter worth about $44,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Conagra Brands in the 3rd quarter worth about $47,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAG has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Bank of America dropped their target price on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 3rd. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group started coverage on Conagra Brands in a report on Monday, August 12th. They set a “buy” rating and a $36.00 target price for the company. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Trading Up 0.9 %

CAG opened at $27.42 on Friday. The business has a 50 day simple moving average of $29.67 and a two-hundred day simple moving average of $29.91. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.80 and a beta of 0.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33. Conagra Brands, Inc. has a one year low of $26.21 and a one year high of $33.24.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. Analysts predict that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Thursday, October 31st. Conagra Brands’s dividend payout ratio is currently 135.92%.

Conagra Brands 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.