Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,459,844 shares of the company's stock after acquiring an additional 1,002,585 shares during the period. Dimensional Fund Advisors LP owned about 1.14% of Conagra Brands worth $151,503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Conagra Brands during the 3rd quarter worth approximately $196,000. Inspire Trust Co. N.A. raised its position in Conagra Brands by 14.7% in the third quarter. Inspire Trust Co. N.A. now owns 85,587 shares of the company's stock worth $2,783,000 after acquiring an additional 11,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Conagra Brands by 0.6% in the third quarter. Principal Financial Group Inc. now owns 573,789 shares of the company's stock valued at $18,660,000 after acquiring an additional 3,597 shares during the period. Everence Capital Management Inc. boosted its position in shares of Conagra Brands by 14.2% during the 4th quarter. Everence Capital Management Inc. now owns 18,350 shares of the company's stock worth $509,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Conagra Brands by 5.3% during 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 during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Trading Down 1.5 %

NYSE:CAG traded down $0.37 on Monday, reaching $24.08. The stock had a trading volume of 5,937,195 shares, compared to its average volume of 5,134,237. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The firm's fifty day moving average is $25.79 and its two-hundred day moving average is $26.75.

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

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.81%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley initiated coverage on Conagra Brands in a research note on Monday, March 24th. They set an "equal weight" rating and a $27.00 price target on the stock. Wells Fargo & Company dropped their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Barclays raised their price target on Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, April 7th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Conagra Brands has a consensus rating of "Hold" and an average price target of $27.90.

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.