Marshall Wace LLP Has $19.39 Million Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Marshall Wace LLP boosted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 767.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 698,643 shares of the company's stock after buying an additional 618,111 shares during the quarter. Marshall Wace LLP owned approximately 0.15% of Conagra Brands worth $19,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management boosted its position in Conagra Brands by 18.4% during the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after purchasing an additional 62,187 shares during the period. State of Alaska Department of Revenue lifted its position in 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 acquiring an additional 22,790 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Conagra Brands by 5.3% during the fourth 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 during the period. Sound Income Strategies LLC boosted its stake in Conagra Brands by 13.2% in the 4th quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock valued at $3,756,000 after purchasing an additional 15,834 shares during the period. Finally, Machina Capital S.A.S. acquired a new position in Conagra Brands in the 4th quarter valued at $558,000. Institutional investors own 83.75% of the company's stock.

Conagra Brands Price Performance

Shares of NYSE CAG traded up $0.09 during midday trading on Tuesday, reaching $25.48. 4,469,546 shares of the company were exchanged, compared to its average volume of 5,128,617. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The stock has a market cap of $12.16 billion, a P/E ratio of 24.98, a PEG ratio of 1.76 and a beta of 0.27. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average price is $25.79 and its 200-day moving average price is $26.86.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, sell-side analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.49%. The ex-dividend date is Monday, April 28th. Conagra Brands's dividend payout ratio (DPR) is currently 205.88%.

Wall Street Analyst Weigh In

CAG has been the topic of a number of recent research reports. Barclays raised their price target on shares of Conagra Brands from $27.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, April 7th. Stifel Nicolaus cut their price target 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. JPMorgan Chase & Co. lowered their price objective on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company cut their target price on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley began coverage on Conagra Brands in a research report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price target on the stock. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.90.

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.