Shares of Conagra Brands Inc. (NYSE:CAG) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $40.03.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, November 22nd. Morgan Stanley cut their price objective on Conagra Brands from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, September 25th. Stifel Nicolaus raised Conagra Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $38.00 in a research report on Sunday, October 29th. They noted that the move was a valuation call. Credit Suisse Group dropped their target price on Conagra Brands from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, September 25th. Finally, Jefferies Group reissued a “buy” rating and issued a $40.00 target price on shares of Conagra Brands in a report on Tuesday, October 3rd.

In related news, EVP Colleen Batcheler sold 120,451 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total value of $4,516,912.50. Following the transaction, the executive vice president now owns 211,514 shares of the company’s stock, valued at $7,931,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

A number of large investors have recently bought and sold shares of CAG. Municipal Employees Retirement System of Michigan boosted its stake in Conagra Brands by 35.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,040 shares of the company’s stock valued at $646,000 after acquiring an additional 4,770 shares in the last quarter. NGAM Advisors L.P. acquired a new position in Conagra Brands in the second quarter valued at $519,000. Daiwa Securities Group Inc. boosted its stake in Conagra Brands by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 12,000 shares of the company’s stock valued at $429,000 after acquiring an additional 700 shares in the last quarter. Sei Investments Co. boosted its stake in Conagra Brands by 24.3% in the second quarter. Sei Investments Co. now owns 152,679 shares of the company’s stock valued at $5,459,000 after acquiring an additional 29,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Conagra Brands by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,360,630 shares of the company’s stock valued at $48,657,000 after acquiring an additional 50,134 shares in the last quarter. 79.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Conagra Brands (NYSE CAG) opened at $37.25 on Monday. Conagra Brands has a 12-month low of $32.16 and a 12-month high of $41.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 1.03. The firm has a market capitalization of $15,216.55, a price-to-earnings ratio of 20.69, a PEG ratio of 2.81 and a beta of 0.37.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. research analysts forecast that Conagra Brands will post 1.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, October 13th were issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is presently 60.28%.

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About Conagra Brands

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

Analyst Recommendations for Conagra Brands (NYSE:CAG)

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