Charles Schwab Investment Management Inc. Boosts Holdings in Conagra Brands, Inc. (NYSE:CAG)

Charles Schwab Investment Management Inc. increased its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,102,985 shares of the company's stock after buying an additional 63,738 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of Conagra Brands worth $100,909,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its stake in Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock worth $346,495,000 after buying an additional 10,604,367 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Conagra Brands in the 3rd quarter worth $29,220,000. Cypress Capital Group grew its position in shares of Conagra Brands by 36.0% during the third quarter. Cypress Capital Group now owns 22,900 shares of the company's stock valued at $745,000 after purchasing an additional 6,065 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Conagra Brands during the third quarter valued at about $2,374,000. Finally, Intech Investment Management LLC grew its position in shares of Conagra Brands by 425.5% during the third quarter. Intech Investment Management LLC now owns 66,511 shares of the company's stock valued at $2,163,000 after purchasing an additional 53,855 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Trading Down 0.1 %

Shares of Conagra Brands stock traded down $0.04 during mid-day trading on Wednesday, hitting $27.45. The stock had a trading volume of 4,042,184 shares, compared to its average volume of 4,763,372. The firm has a 50-day moving average of $29.47 and a two-hundred day moving average of $29.85. Conagra Brands, Inc. has a 12-month low of $26.21 and a 12-month high of $33.24. 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 firm has a market cap of $13.10 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.83 and a beta of 0.34.

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

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a $0.35 dividend. 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 presently 135.92%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of Conagra Brands in a research note on Monday, August 12th. They issued a "buy" rating and a $36.00 price objective for the company. Bank of America cut their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, October 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a report on Thursday, October 3rd. BNP Paribas raised shares of Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their price target 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. Six equities research 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's stock. According to data from MarketBeat.com, Conagra Brands presently has an average rating of "Hold" and an average target price of $31.63.

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.