Tompkins Financial Corp Purchases 5,845 Shares of Conagra Brands, Inc. (NYSE:CAG)

Tompkins Financial Corp increased its position in Conagra Brands, Inc. (NYSE:CAG) by 201.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,743 shares of the company’s stock after acquiring an additional 5,845 shares during the period. Tompkins Financial Corp’s holdings in Conagra Brands were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Conagra Brands in the fourth quarter worth about $28,000. Hexagon Capital Partners LLC boosted its holdings in shares of Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after buying an additional 420 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Conagra Brands during the third quarter valued at approximately $47,000. ST Germain D J Co. Inc. increased its holdings in Conagra Brands by 36.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after buying an additional 529 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in Conagra Brands in the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAG. Bank of America cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a report on Friday, December 20th. Citigroup decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company cut their price objective on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of “Hold” and an average target price of $30.56.

Conagra Brands Stock Up 1.1 %

Shares of CAG opened at $25.78 on Friday. The business’s 50 day moving average is $27.30 and its 200 day moving average is $29.26. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12-month low of $25.35 and a 12-month high of $33.24. The company has a market capitalization of $12.31 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.76 and a beta of 0.29.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts expect that Conagra Brands, Inc. will post 2.46 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.43%. The ex-dividend date is Monday, January 27th. Conagra Brands’s payout ratio is currently 137.26%.

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.