Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,235,136 shares of the company's stock after selling 1,865,039 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.77% of Conagra Brands worth $367,276,000 at the end of the most recent quarter.

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

Conagra Brands Trading Up 1.1 %

CAG traded up $0.26 during trading on Tuesday, hitting $24.34. The company's stock had a trading volume of 5,141,632 shares, compared to its average volume of 5,134,719. 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 has a market cap of $11.62 billion, a PE ratio of 23.86, a PEG ratio of 1.76 and a beta of 0.27. The firm's 50 day moving average price is $25.79 and its 200-day moving average price is $26.71. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 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 company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company posted $0.69 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.75%. Conagra Brands's dividend payout ratio is currently 205.88%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CAG. Wells Fargo & Company decreased 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 research report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Morgan Stanley assumed coverage on Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective for the company. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays raised their price target on Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, April 7th. 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, Conagra Brands presently has a consensus rating of "Hold" and a consensus target price of $27.90.

Conagra Brands 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.