Advisory Services Network LLC Sells 13,237 Shares of Conagra Brands, Inc. (NYSE:CAG)

Advisory Services Network LLC lessened its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,385 shares of the company's stock after selling 13,237 shares during the quarter. Advisory Services Network LLC's holdings in Conagra Brands were worth $1,093,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management boosted its stake in shares of Conagra Brands by 18.4% in the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock valued at $11,085,000 after purchasing an additional 62,187 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after buying an additional 22,790 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Conagra Brands by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after acquiring an additional 618,096 shares in the last quarter. Sound Income Strategies LLC grew its position in Conagra Brands by 13.2% during the 4th quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock worth $3,756,000 after acquiring an additional 15,834 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in Conagra Brands in the 4th quarter valued at $558,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Trading Up 1.7 %

CAG traded up $0.41 during mid-day trading on Friday, hitting $25.31. The stock had a trading volume of 4,787,593 shares, compared to its average volume of 5,121,024. The stock's fifty day simple moving average is $25.76 and its 200-day simple moving average is $26.98. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a 1-year low of $23.06 and a 1-year high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. Conagra Brands's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, research analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is currently 205.88%.

Analyst Upgrades and Downgrades

CAG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Morgan Stanley began coverage on shares of Conagra Brands in a research report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective for the company. Stifel Nicolaus lowered their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Barclays boosted their price objective on Conagra Brands from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, April 7th. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.90.

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.