Ossiam Has $32,000 Holdings in Conagra Brands, Inc. (NYSE:CAG)

Ossiam cut its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 97.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,137 shares of the company's stock after selling 46,845 shares during the quarter. Ossiam's holdings in Conagra Brands were worth $32,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Conagra Brands in the 4th quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of Conagra Brands during the 4th quarter worth $29,000. Grove Bank & Trust increased its holdings in shares of Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after acquiring an additional 447 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Conagra Brands during the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC acquired a new position in Conagra Brands in the fourth quarter valued at $44,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Price Performance

Shares of CAG stock traded up $0.01 during midday trading on Monday, reaching $24.11. 4,575,721 shares of the company were exchanged, compared to its average volume of 5,130,144. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 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 company has a market cap of $11.51 billion, a P/E ratio of 23.65, a PEG ratio of 1.76 and a beta of 0.27. The company's 50 day moving average price is $25.79 and its two-hundred day moving average price is $26.75.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) 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 company posted $0.69 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is 205.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, April 7th. Morgan Stanley began coverage on shares of Conagra Brands in a research report on Monday, March 24th. They set an "equal weight" rating and a $27.00 target price on the stock. Wells Fargo & Company reduced their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Nine 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. According to MarketBeat.com, Conagra Brands has a consensus rating of "Hold" and a consensus price target of $27.90.

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.