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

Barclays PLC lessened its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,501,892 shares of the company's stock after selling 39,727 shares during the quarter. Barclays PLC owned approximately 0.31% of Conagra Brands worth $48,840,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CAG. Pacer Advisors Inc. lifted its position in Conagra Brands by 21,015.0% during the third 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 during the period. Two Sigma Advisers LP lifted its holdings in shares of Conagra Brands by 106.4% during the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company's stock worth $197,624,000 after acquiring an additional 3,133,200 shares during the period. Marshall Wace LLP boosted its position in shares of Conagra Brands by 1,362.6% in the second quarter. Marshall Wace LLP now owns 2,406,743 shares of the company's stock worth $68,400,000 after acquiring an additional 2,242,186 shares during the last quarter. Holocene Advisors LP purchased a new stake in Conagra Brands in the third quarter valued at approximately $65,932,000. Finally, Federated Hermes Inc. raised its stake in 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 purchasing an additional 1,871,238 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price target on Conagra Brands from $30.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. BNP Paribas raised Conagra Brands to a "strong-buy" rating in a research note on Thursday, October 3rd. Bank of America dropped their target price 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. Finally, Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.50.

Conagra Brands Stock Up 0.4 %

Shares of NYSE CAG traded up $0.12 during trading on Friday, reaching $28.20. 3,510,638 shares of the stock were exchanged, compared to its average volume of 4,767,388. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.86 and a beta of 0.31. The business's 50-day moving average price is $28.42 and its 200 day moving average price is $29.61. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. Conagra Brands, Inc. has a twelve month low of $26.21 and a twelve month high of $33.24.

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 analysts' consensus estimates of $0.60 by ($0.07). The firm 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, equities analysts forecast that Conagra Brands, Inc. will post 2.58 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.97%. Conagra Brands's dividend payout ratio is presently 135.92%.

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.