Qtron Investments LLC Increases Position in Conagra Brands, Inc. (NYSE:CAG)

Qtron Investments LLC grew its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 165.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,839 shares of the company's stock after purchasing an additional 13,003 shares during the quarter. Qtron Investments LLC's holdings in Conagra Brands were worth $578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Brookstone Capital Management increased its stake in Conagra Brands by 18.4% during the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after buying an additional 62,187 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Conagra Brands by 41.0% in the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock valued at $2,175,000 after purchasing an additional 22,790 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after buying an additional 618,096 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Conagra Brands by 13.2% in the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock valued at $3,756,000 after buying an additional 15,834 shares during the last quarter. Finally, Machina Capital S.A.S. acquired a new stake in shares of Conagra Brands in the fourth quarter valued at about $558,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Trading Up 1.7 %

NYSE:CAG traded up $0.41 during trading hours on Friday, reaching $25.31. 4,787,593 shares of the stock were exchanged, compared to its average volume of 5,121,024. 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 company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The business has a 50-day moving average of $25.76 and a two-hundred day moving average of $26.98.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results 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 net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business's revenue was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently announced 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 is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 5.53%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Barclays increased their price target on Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, April 7th. Bank of America lowered their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their target price on 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, Morgan Stanley started coverage on shares of Conagra Brands in a research report on Monday, March 24th. They set an "equal weight" rating and a $27.00 price target on the stock. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.