Pictet Asset Management Holding SA Purchases 27,772 Shares of Conagra Brands, Inc. (NYSE:CAG)

Pictet Asset Management Holding SA increased its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,217 shares of the company's stock after buying an additional 27,772 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Conagra Brands worth $7,721,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Grove Bank & Trust grew its stake in Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after buying an additional 447 shares in the last quarter. CIBC Asset Management Inc grew its position in Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock worth $2,346,000 after acquiring an additional 501 shares in the last quarter. Xponance Inc. increased its stake in Conagra Brands by 0.8% in the fourth quarter. Xponance Inc. now owns 65,680 shares of the company's stock valued at $1,823,000 after acquiring an additional 505 shares during the last quarter. International Private Wealth Advisors LLC raised its position in Conagra Brands by 5.2% during the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock valued at $295,000 after purchasing an additional 527 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in Conagra Brands by 36.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock worth $55,000 after purchasing an additional 529 shares during the last quarter. Institutional investors own 83.75% of the company's stock.

Conagra Brands Trading Down 3.7 %

Shares of Conagra Brands stock traded down $0.97 during trading on Tuesday, reaching $25.03. 7,550,631 shares of the stock were exchanged, compared to its average volume of 5,101,575. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock's fifty day moving average is $25.70 and its 200 day moving average is $27.29.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share 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 quarter last year, the business posted $0.69 EPS. The company's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is currently 205.88%.

Wall Street Analyst Weigh In

CAG has been the topic of several recent research reports. Bank of America reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. The Goldman Sachs Group cut shares of Conagra Brands from a "buy" rating to a "neutral" rating and reduced their price target for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note 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 for the company in a research note on Thursday, March 6th. Finally, Citigroup cut their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Wednesday, December 11th. Nine 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.90.

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.