Headlands Technologies LLC Cuts Stake in Conagra Brands, Inc. (NYSE:CAG)

Headlands Technologies LLC decreased its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 86.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,745 shares of the company's stock after selling 30,278 shares during the period. Headlands Technologies LLC's holdings in Conagra Brands were worth $132,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Brookstone Capital Management grew its stake in Conagra Brands by 18.4% in the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock valued at $11,085,000 after purchasing an additional 62,187 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Conagra Brands by 110.8% during the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock worth $1,196,000 after buying an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue raised its position in Conagra Brands by 41.0% in 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 period. Nordea Investment Management AB boosted its stake in Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock valued at $341,048,000 after acquiring an additional 618,096 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Conagra Brands by 13.2% during the fourth 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. Institutional investors own 83.75% of the company's stock.

Conagra Brands Trading Down 1.6 %

CAG traded down $0.41 during trading on Thursday, hitting $25.28. 1,337,241 shares of the stock traded hands, compared to its average volume of 5,097,792. The firm has a 50-day moving average of $25.69 and a 200 day moving average of $27.23. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The firm has a market capitalization of $12.07 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is currently 205.88%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Citigroup dropped 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 note on Wednesday, December 11th. Stifel Nicolaus reduced their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.90.

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.