New York State Common Retirement Fund Sells 16,500 Shares of Conagra Brands, Inc. (NYSE:CAG)

New York State Common Retirement Fund decreased its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,657 shares of the company's stock after selling 16,500 shares during the quarter. New York State Common Retirement Fund's holdings in Conagra Brands were worth $6,206,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CAG. Brookstone Capital Management grew its position in Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after buying an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock worth $1,196,000 after acquiring an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after purchasing an additional 22,790 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Conagra Brands by 5.3% during 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 during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Conagra Brands during the third quarter valued at $1,020,000. Institutional investors own 83.75% of the company's stock.

Wall Street Analyst Weigh In

CAG has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Bank of America 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 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 report on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. Finally, Wells Fargo & Company lowered their target price on 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. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $28.67.

Conagra Brands Price Performance

Shares of CAG traded up $0.53 on Monday, hitting $26.07. The company's stock had a trading volume of 3,204,503 shares, compared to its average volume of 5,697,608. The company has a market capitalization of $12.44 billion, a PE ratio of 25.54, a PEG ratio of 1.76 and a beta of 0.28. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The company has a 50 day moving average price of $25.98 and a 200 day moving average price of $28.36. 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 quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, research analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, January 27th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 5.37%. Conagra Brands's dividend payout ratio is currently 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.