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

Aviva PLC lessened its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,070 shares of the company's stock after selling 361,250 shares during the quarter. Aviva PLC owned 0.06% of Conagra Brands worth $8,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CAG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Conagra Brands during the fourth quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $29,000. Grove Bank & Trust boosted its position in shares of Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Conagra Brands in the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands during the fourth quarter valued at $44,000. 83.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Barclays increased their price objective on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, April 7th. Finally, Bank of America dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Conagra Brands has a consensus rating of "Hold" and a consensus price target of $27.90.

Conagra Brands Stock Up 0.7 %

CAG stock traded up $0.19 during trading on Monday, hitting $26.17. 659,704 shares of the company's stock traded hands, compared to its average volume of 5,116,750. The firm has a market capitalization of $12.49 billion, a P/E ratio of 25.66, 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. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The business has a fifty day simple moving average of $25.71 and a two-hundred day simple moving average of $27.10.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is 205.88%.

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.