Schroder Investment Management Group Has $4.66 Million Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Schroder Investment Management Group reduced its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,028 shares of the company's stock after selling 31,489 shares during the period. Schroder Investment Management Group's holdings in Conagra Brands were worth $4,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Conagra Brands in the 4th quarter worth $28,000. Riverview Trust Co bought a new position in shares of Conagra Brands in the 4th quarter worth $29,000. Grove Bank & Trust boosted its position in shares of 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 purchasing an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Conagra Brands in the 4th quarter worth $41,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Conagra Brands in the 4th quarter worth $44,000. 83.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CAG shares. Citigroup dropped 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 Wednesday, December 11th. Morgan Stanley began coverage on Conagra Brands in a research note on Monday, March 24th. They set an "equal weight" rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. dropped 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. Bank of America dropped their price target 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. Finally, The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and dropped their price target for the company from $33.00 to $26.00 in a research note 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.90.

Conagra Brands Stock Performance

Conagra Brands stock traded down $0.10 during midday trading on Thursday, reaching $25.59. 712,713 shares of the company's stock were exchanged, compared to its average volume of 5,095,382. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.76 and a beta of 0.27. The stock's 50-day simple moving average is $25.69 and its 200 day simple moving average is $27.23.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company'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 fiscal year.

Conagra Brands Dividend Announcement

The firm 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Monday, April 28th. Conagra Brands's payout ratio is currently 205.88%.

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.