Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 108.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 622,745 shares of the company's stock after buying an additional 323,742 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Conagra Brands worth $20,252,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Marshall Wace LLP increased its position in shares of Conagra Brands by 1,362.6% during the second quarter. Marshall Wace LLP now owns 2,406,743 shares of the company's stock worth $68,400,000 after purchasing an additional 2,242,186 shares in the last quarter. Federated Hermes Inc. increased its position in Conagra Brands by 20.5% during the 2nd quarter. Federated Hermes Inc. now owns 11,013,503 shares of the company's stock valued at $313,004,000 after buying an additional 1,871,238 shares in the last quarter. Squarepoint Ops LLC increased its position in Conagra Brands by 148.2% during the 2nd quarter. Squarepoint Ops LLC now owns 2,535,116 shares of the company's stock valued at $72,048,000 after buying an additional 1,513,726 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Conagra Brands by 2,552.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,289,751 shares of the company's stock valued at $41,943,000 after buying an additional 1,241,121 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its holdings in Conagra Brands by 523.8% in the second quarter. Miller Howard Investments Inc. NY now owns 1,446,775 shares of the company's stock worth $41,117,000 after acquiring an additional 1,214,859 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CAG shares. BNP Paribas upgraded shares of Conagra Brands to a "strong-buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price target on Conagra Brands from $30.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Stifel Nicolaus dropped their target price on Conagra Brands from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, July 12th. The Goldman Sachs Group initiated coverage on shares of Conagra Brands in a report on Monday, August 12th. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Barclays decreased their target price on shares of Conagra Brands from $34.00 to $33.00 and set an "overweight" rating for the company in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, two have given 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 an average target price of $31.63.

Conagra Brands Price Performance

CAG traded down $0.57 during midday trading on Thursday, hitting $28.33. 3,989,087 shares of the company traded hands, compared to its average volume of 4,697,529. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.96 and a beta of 0.34. The business has a 50 day simple moving average of $30.78 and a two-hundred day simple moving average of $30.20. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. Conagra Brands, Inc. has a 52-week low of $26.62 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. Conagra Brands's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that Conagra Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands's payout ratio is currently 135.92%.

Insider Activity at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the transaction, the chief operating officer now owns 161,443 shares of the company's stock, valued at $4,890,108.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.51% of the stock is currently owned by insiders.

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.