Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Amundi

Amundi reduced its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 17.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,653,516 shares of the company's stock after selling 780,426 shares during the period. Amundi owned 0.77% of Conagra Brands worth $98,468,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CAG. State Street Corp boosted its stake in Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company's stock worth $796,229,000 after purchasing an additional 1,691,945 shares in the last quarter. Nordea Investment Management AB boosted its stake in Conagra Brands by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after purchasing an additional 618,096 shares in the last quarter. Geode Capital Management LLC boosted its stake in Conagra Brands by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company's stock worth $373,180,000 after purchasing an additional 196,100 shares in the last quarter. Pacer Advisors Inc. boosted 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 purchasing an additional 10,604,367 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Conagra Brands by 2.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company's stock worth $204,571,000 after purchasing an additional 122,590 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on CAG shares. The Goldman Sachs Group cut shares of Conagra Brands from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Finally, Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $28.33.

Conagra Brands Stock Performance

Shares of NYSE:CAG traded down $0.91 during trading on Tuesday, hitting $26.71. 5,330,639 shares of the stock traded hands, compared to its average volume of 5,904,675. 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 company has a market cap of $12.75 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a fifty day moving average price of $25.80 and a two-hundred day moving average price of $28.15. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Monday, January 27th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands's payout ratio is presently 137.25%.

Conagra Brands Company 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.