B. Riley Wealth Advisors Inc. Sells 3,776 Shares of Conagra Brands, Inc. (NYSE:CAG)

B. Riley Wealth Advisors Inc. reduced its position in Conagra Brands, Inc. (NYSE:CAG) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,696 shares of the company’s stock after selling 3,776 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Conagra Brands were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its position in Conagra Brands by 14.0% in the 3rd quarter. American Century Companies Inc. now owns 14,171,413 shares of the company’s stock valued at $388,580,000 after buying an additional 1,737,380 shares during the last quarter. Federated Hermes Inc. raised its position in Conagra Brands by 18.7% in the 4th quarter. Federated Hermes Inc. now owns 8,426,955 shares of the company’s stock valued at $241,517,000 after buying an additional 1,330,249 shares during the last quarter. Norges Bank purchased a new stake in Conagra Brands in the 4th quarter valued at $140,473,000. Deutsche Bank AG raised its position in Conagra Brands by 28.6% in the 3rd quarter. Deutsche Bank AG now owns 2,951,129 shares of the company’s stock valued at $80,920,000 after buying an additional 657,170 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Conagra Brands by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,857,207 shares of the company’s stock valued at $81,888,000 after buying an additional 127,739 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAG shares. Citigroup raised 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. Stifel Nicolaus raised their target price on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their target price on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Finally, Barclays raised 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. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.14.

Conagra Brands Trading Down 2.0 %

Shares of CAG opened at $28.48 on Thursday. The business has a 50-day moving average of $30.07 and a 200 day moving average of $29.29. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $34.50. The firm has a market cap of $13.62 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.32. 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 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th were paid a $0.35 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.40 annualized dividend and a yield of 4.92%. Conagra Brands’s dividend payout ratio is currently 70.35%.

Insiders Place Their Bets

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the transaction, the executive vice president now owns 113,254 shares in the company, valued at approximately $3,439,523.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.

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.