Rockefeller Capital Management L.P. Purchases 137,378 Shares of Conagra Brands, Inc. (NYSE:CAG)

Rockefeller Capital Management L.P. increased its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 434,911 shares of the company's stock after purchasing an additional 137,378 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.09% of Conagra Brands worth $12,069,000 at the end of the most recent quarter.

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

Conagra Brands Trading Up 1.7 %

Conagra Brands stock traded up $0.41 during trading hours on Friday, hitting $25.31. The stock had a trading volume of 4,787,593 shares, compared to its average volume of 5,128,022. The business's 50 day simple moving average is $25.77 and its 200-day simple moving average is $26.93. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

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

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's payout ratio is 205.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CAG. Barclays upped their price target on Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research report 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 target price for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Finally, The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Nine equities research 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.