Landscape Capital Management L.L.C. Grows Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Landscape Capital Management L.L.C. grew its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 125.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,207 shares of the company's stock after buying an additional 91,214 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Conagra Brands were worth $4,557,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of Conagra Brands by 65.4% during the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares during the period. CIBC Asset Management Inc increased its stake in shares of Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock valued at $2,346,000 after buying an additional 501 shares during the period. Xponance Inc. raised its position in shares of Conagra Brands by 0.8% during the fourth quarter. Xponance Inc. now owns 65,680 shares of the company's stock worth $1,823,000 after acquiring an additional 505 shares during the last quarter. International Private Wealth Advisors LLC lifted its stake in shares of Conagra Brands by 5.2% in the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock worth $295,000 after acquiring an additional 527 shares during the period. Finally, ST Germain D J Co. Inc. increased its position in Conagra Brands by 36.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock valued at $55,000 after purchasing an additional 529 shares during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Shares of NYSE CAG traded down $0.02 during midday trading on Wednesday, reaching $24.98. The company's stock had a trading volume of 1,777,400 shares, compared to its average volume of 5,088,834. The stock has a market capitalization of $11.92 billion, a P/E ratio of 24.47, a PEG 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. The firm has a 50 day moving average price of $25.70 and a 200-day moving average price of $27.29. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 5.61%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Analysts Set New Price Targets

CAG has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a research note on Friday, December 20th. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Citigroup cut their target price 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. Finally, Barclays upped their price objective on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday. Nine 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 stock. According to MarketBeat.com, Conagra Brands currently has an average rating of "Hold" and a consensus 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.