Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 456,265 shares of the company's stock after selling 105,882 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.10% of Conagra Brands worth $12,625,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CAG. Courier Capital LLC boosted its stake in Conagra Brands by 1.3% during the third quarter. Courier Capital LLC now owns 27,062 shares of the company's stock worth $880,000 after buying an additional 355 shares during the period. Empirical Finance LLC grew its holdings in Conagra Brands by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock valued at $533,000 after purchasing an additional 362 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Conagra Brands by 0.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company's stock valued at $1,716,000 after purchasing an additional 376 shares during the last quarter. Bridgewater Advisors Inc. raised its position in Conagra Brands by 1.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock worth $820,000 after purchasing an additional 376 shares during the period. Finally, Grove Bank & Trust lifted its stake in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 83.75% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CAG shares. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday. Bank of America lowered their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 11th. Finally, Barclays decreased their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $29.78.

Conagra Brands Stock Up 3.9 %

NYSE CAG traded up $0.98 during trading on Friday, reaching $25.82. 7,589,209 shares of the company's stock traded hands, compared to its average volume of 5,840,252. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month 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. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.28. The company's 50 day simple moving average is $26.15 and its two-hundred day simple moving average is $28.54.

Conagra Brands (NYSE:CAG - Get Free Report) last issued 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 company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company posted $0.71 earnings per share. Conagra Brands's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.42%. Conagra Brands's dividend payout ratio (DPR) is presently 137.26%.

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.