Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Trexquant Investment LP

Trexquant Investment LP raised its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,198 shares of the company's stock after acquiring an additional 20,492 shares during the period. Trexquant Investment LP's holdings in Conagra Brands were worth $3,030,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CAG. Grove Bank & Trust grew its stake in shares of Conagra Brands by 65.4% during 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 period. CIBC Asset Management Inc increased its holdings in Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock valued at $2,346,000 after buying an additional 501 shares in the last quarter. Xponance Inc. raised its position in shares of Conagra Brands by 0.8% in the fourth quarter. Xponance Inc. now owns 65,680 shares of the company's stock worth $1,823,000 after acquiring an additional 505 shares during the period. International Private Wealth Advisors LLC boosted its stake in shares of Conagra Brands by 5.2% during the 4th quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock worth $295,000 after acquiring an additional 527 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in shares of Conagra Brands by 36.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock valued at $55,000 after acquiring an additional 529 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAG has been the subject of several research reports. Stifel Nicolaus dropped their price target on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Barclays increased their target price on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday. 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. 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. Finally, The Goldman Sachs Group lowered shares of Conagra Brands from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.90.

Conagra Brands Trading Up 1.9 %

CAG traded up $0.49 on Friday, hitting $25.97. The company had a trading volume of 7,994,201 shares, compared to its average volume of 5,128,605. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The firm has a market cap of $12.40 billion, a P/E ratio of 25.46, a PEG ratio of 1.76 and a beta of 0.27. The company's fifty day moving average price is $25.71 and its 200 day moving average price is $27.14. The company has a current ratio of 0.70, a quick ratio of 0.22 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 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 company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the previous year, the business posted $0.69 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's dividend payout ratio (DPR) is 205.88%.

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.