Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 32.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,134 shares of the company's stock after selling 55,644 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Conagra Brands were worth $3,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Finance LLC grew its position in shares of Conagra Brands by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock worth $533,000 after buying an additional 362 shares in the last quarter. Bridgewater Advisors Inc. grew its holdings in Conagra Brands by 1.5% during the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock worth $820,000 after acquiring an additional 376 shares in the last quarter. Grove Bank & Trust increased its position in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after purchasing an additional 447 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Conagra Brands by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock valued at $2,346,000 after purchasing an additional 501 shares in the last quarter. Finally, International Private Wealth Advisors LLC lifted its position in shares of Conagra Brands by 5.2% in the 4th quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock worth $295,000 after purchasing an additional 527 shares during the period. Institutional investors own 83.75% of the company's stock.

Conagra Brands Stock Performance

Shares of NYSE CAG traded up $0.35 during mid-day trading on Monday, hitting $25.89. The stock had a trading volume of 1,794,274 shares, compared to its average volume of 5,669,294. The company has a 50 day moving average of $25.98 and a two-hundred day moving average of $28.36. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm has a market cap of $12.36 billion, a PE ratio of 25.38, a PEG ratio of 1.76 and a beta of 0.28.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same period last year, the business posted $0.71 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. Research analysts predict 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 was paid on Thursday, February 27th. Investors of record on Monday, January 27th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 5.41%. Conagra Brands's dividend payout ratio (DPR) is presently 137.25%.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and dropped their target price for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Bank of America reduced their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. Finally, Stifel Nicolaus decreased their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Eight research 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 stock. According to MarketBeat.com, Conagra Brands presently has an average rating of "Hold" and an average price target of $28.67.

About Conagra Brands

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.