Conagra Brands, Inc. (NYSE:CAG) Holdings Decreased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,942 shares of the company's stock after selling 49,808 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.05% of Conagra Brands worth $8,291,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Marshall Wace LLP grew its position in shares of Conagra Brands by 1,362.6% during the second quarter. Marshall Wace LLP now owns 2,406,743 shares of the company's stock worth $68,400,000 after buying an additional 2,242,186 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Conagra Brands by 20.5% during the second quarter. Federated Hermes Inc. now owns 11,013,503 shares of the company's stock worth $313,004,000 after buying an additional 1,871,238 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Conagra Brands by 148.2% during the second quarter. Squarepoint Ops LLC now owns 2,535,116 shares of the company's stock worth $72,048,000 after buying an additional 1,513,726 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Conagra Brands by 2,552.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,289,751 shares of the company's stock worth $41,943,000 after buying an additional 1,241,121 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its position in shares of Conagra Brands by 523.8% during the second quarter. Miller Howard Investments Inc. NY now owns 1,446,775 shares of the company's stock worth $41,117,000 after buying an additional 1,214,859 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Stock Performance

CAG stock traded up $0.04 during mid-day trading on Monday, reaching $27.46. The company had a trading volume of 8,288,764 shares, compared to its average volume of 4,764,207. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.11 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.82 and a beta of 0.34. Conagra Brands, Inc. has a one year low of $26.21 and a one year high of $33.24. The stock's 50-day simple moving average is $29.57 and its two-hundred day simple moving average is $29.88.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.07). Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The business's quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts anticipate that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands's dividend payout ratio is currently 135.92%.

Wall Street Analysts Forecast Growth

CAG has been the subject of a number of recent analyst reports. Bank of America decreased their price target on shares of Conagra Brands from $34.00 to $33.00 and set a "neutral" rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Thursday, October 3rd. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a report on Monday, August 12th. They issued a "buy" rating and a $36.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $31.63.

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.