24,532 Shares in Conagra Brands, Inc. (NYSE:CAG) Acquired by Miller Financial Services LLC

Miller Financial Services LLC acquired a new stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,532 shares of the company's stock, valued at approximately $681,000.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company's stock valued at $796,229,000 after acquiring an additional 1,691,945 shares in the last quarter. Nordea Investment Management AB raised 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 purchasing an additional 618,096 shares in the last quarter. Geode Capital Management LLC raised its stake in Conagra Brands by 1.7% in the third quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company's stock valued at $373,180,000 after purchasing an additional 196,100 shares in the last quarter. Pacer Advisors Inc. raised its stake in Conagra Brands by 21,015.0% in the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock valued at $346,495,000 after purchasing an additional 10,604,367 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Conagra Brands by 2.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company's stock valued at $204,571,000 after purchasing an additional 122,590 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

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Analyst Ratings Changes

Several research analysts have commented on CAG shares. Wells Fargo & Company decreased 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 research note on Tuesday, February 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their target price on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Stifel Nicolaus lowered their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Finally, Barclays dropped their price objective on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Conagra Brands currently has an average rating of "Hold" and an average target price of $28.33.

Conagra Brands Trading Down 3.3 %

Shares of CAG traded down $0.91 during mid-day trading on Tuesday, hitting $26.71. 5,330,639 shares of the company's stock traded hands, compared to its average volume of 5,904,675. 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 firm has a market capitalization of $12.75 billion, a P/E ratio of 26.18, a PEG ratio of 1.76 and a beta of 0.18. The business's 50-day moving average price is $25.80 and its 200-day moving average price is $28.15.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, January 27th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands's payout ratio is presently 137.25%.

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.