Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,474 shares of the company's stock after buying an additional 10,925 shares during the period. Orion Portfolio Solutions LLC's holdings in Conagra Brands were worth $4,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAG. Pictet Asset Management Holding SA increased its holdings in Conagra Brands by 11.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 278,217 shares of the company's stock valued at $7,721,000 after purchasing an additional 27,772 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Conagra Brands by 0.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 140,384 shares of the company's stock worth $3,896,000 after acquiring an additional 702 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Conagra Brands in the 4th quarter valued at about $3,623,000. Norges Bank purchased a new stake in Conagra Brands during the fourth quarter worth about $168,877,000. Finally, NEOS Investment Management LLC increased its stake in Conagra Brands by 30.6% during the fourth quarter. NEOS Investment Management LLC now owns 26,509 shares of the company's stock worth $736,000 after purchasing an additional 6,218 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. 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. 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. The Goldman Sachs Group lowered shares of Conagra Brands from a "buy" rating to a "neutral" rating and dropped their price target for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Nine equities research 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $28.20.

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Conagra Brands Stock Performance

Shares of NYSE:CAG traded up $0.45 during trading on Thursday, reaching $26.83. The company had a trading volume of 6,957,012 shares, compared to its average volume of 5,092,532. 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 debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The stock's fifty day moving average price is $25.69 and its 200 day moving average price is $27.52. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.22%. Conagra Brands's dividend payout ratio (DPR) 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.