Sumitomo Mitsui Trust Group Inc. Has $35.17 Million Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Sumitomo Mitsui Trust Group Inc. increased its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,267,200 shares of the company's stock after purchasing an additional 41,563 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Conagra Brands worth $35,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CAG. Brookstone Capital Management raised its holdings in 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 acquiring an additional 62,187 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Conagra Brands by 110.8% during the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock worth $1,196,000 after acquiring an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after acquiring an additional 22,790 shares during the last quarter. Nordea Investment Management AB grew its position in Conagra Brands by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock valued at $341,048,000 after buying an additional 618,096 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in Conagra Brands in the 3rd quarter valued at about $1,020,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CAG shares. Citigroup decreased their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Wednesday, December 11th. Wells Fargo & Company decreased their target price on shares of Conagra Brands from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. Barclays decreased their target price on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. Finally, Bank of America reduced their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.33.

Conagra Brands Stock Up 1.3 %

Shares of NYSE CAG traded up $0.33 during mid-day trading on Friday, reaching $25.31. The company had a trading volume of 6,372,535 shares, compared to its average volume of 5,260,751. The stock has a fifty day moving average of $26.46 and a two-hundred day moving average of $28.72. 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 company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.70 and a beta of 0.28. Conagra Brands, Inc. has a 12-month low of $24.18 and a 12-month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, equities research analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands's payout ratio is presently 137.26%.

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.