Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 385,163 shares of the company's stock after selling 19,738 shares during the period. Asset Management One Co. Ltd. owned about 0.08% of Conagra Brands worth $10,654,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Courier Capital LLC lifted its holdings in Conagra Brands by 1.3% during the 3rd 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 last quarter. Empirical Finance LLC lifted 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 worth $533,000 after buying an additional 362 shares during the last quarter. Arkadios Wealth Advisors lifted 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 worth $1,716,000 after buying an additional 376 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in Conagra Brands by 1.5% during the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock worth $820,000 after buying an additional 376 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after buying an additional 447 shares during the last quarter. Institutional investors own 83.75% of the company's stock.

Conagra Brands Stock Performance

CAG traded up $0.37 during trading hours on Wednesday, hitting $24.27. The company's stock had a trading volume of 5,358,234 shares, compared to its average volume of 5,839,853. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $11.58 billion, a PE ratio of 23.79, a PEG ratio of 1.72 and a beta of 0.28. The company has a 50-day simple moving average of $26.26 and a 200 day simple moving average of $28.59.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same period last year, the firm earned $0.71 EPS. The firm's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The company 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands's payout ratio is currently 137.26%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAG. Barclays reduced their target price on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price target on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Bank of America dropped their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company dropped their price target on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Citigroup dropped their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Conagra Brands currently has an average rating of "Hold" and an average target price of $29.78.

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.