The JPMorgan Chase & Co. Cuts Conagra Brands Inc (CAG) Price Target to $44.00

The JPMorgan Chase & Co. Cuts Conagra Brands Inc (CAG) Price Target to $44.00

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Conagra Brands from a buy rating to a hold rating in a research note on Monday, May 22nd. Royal Bank of Canada lifted their target price on Conagra Brands from $42.00 to $45.00 and gave the company a buy rating in a research note on Friday, March 24th. Sanford C. Bernstein downgraded Conagra Brands from a market perform rating to an underperform rating and set a $36.00 target price for the company. in a research note on Tuesday, March 21st. Finally, Deutsche Bank AG initiated coverage on Conagra Brands in a research note on Wednesday, February 15th. They issued a buy rating and a $46.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Conagra Brands currently has an average rating of Buy and a consensus target price of $44.76.

Conagra Brands Inc (NYSE:CAG) had its target price trimmed by JPMorgan Chase & Co. from $45.00 to $44.00 in a research note published on Wednesday. The brokerage currently has an overweight rating on the stock.

Shares of Conagra Brands (CAG) opened at 39.59 on Wednesday. The stock has a market capitalization of $16.85 billion, a P/E ratio of 28.79 and a beta of 0.30. The firm’s 50-day moving average price is $38.67 and its 200 day moving average price is $39.17. Conagra Brands has a 1-year low of $33.08 and a 1-year high of $41.68.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Friday, April 28th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, April 26th. This represents a $0.80 annualized dividend and a yield of 2.02%. Conagra Brands’s payout ratio is 55.94%. In related news, Director Ruth Ann Marshall sold 6,046 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $40.61, for a total transaction of $245,528.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new position in Conagra Brands during the first quarter valued at about $110,000. Advisors Asset Management Inc. boosted its position in Conagra Brands by 75.7% in the first quarter. Advisors Asset Management Inc. now owns 2,987 shares of the company’s stock valued at $120,000 after buying an additional 1,287 shares in the last quarter. Alpha Windward LLC boosted its position in Conagra Brands by 7.9% in the first quarter. Alpha Windward LLC now owns 3,382 shares of the company’s stock valued at $136,000 after buying an additional 247 shares in the last quarter. Rational Advisors LLC boosted its position in Conagra Brands by 14.3% in the first quarter. Rational Advisors LLC now owns 3,507 shares of the company’s stock valued at $141,000 after buying an additional 438 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Conagra Brands during the first quarter valued at about $181,000. 76.28% of the stock is currently owned by institutional investors. Conagra Brands Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CAG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment