Versor Investments LP Makes New $377,000 Investment in Conagra Brands, Inc. (NYSE:CAG)

Versor Investments LP purchased a new stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,600 shares of the company's stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Conagra Brands in the 4th quarter valued at about $2,035,000. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Conagra Brands by 24.8% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 9,042 shares of the company's stock valued at $251,000 after acquiring an additional 1,794 shares in the last quarter. Schnieders Capital Management LLC lifted its holdings in shares of Conagra Brands by 10.0% in the 4th quarter. Schnieders Capital Management LLC now owns 9,900 shares of the company's stock worth $275,000 after buying an additional 900 shares during the period. Bank of New York Mellon Corp grew its holdings in Conagra Brands by 13.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,462,414 shares of the company's stock worth $151,582,000 after acquiring an additional 642,806 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Conagra Brands by 1,742.5% during the fourth quarter. IFP Advisors Inc now owns 102,703 shares of the company's stock valued at $2,853,000 after purchasing an additional 97,129 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CAG shares. Wells Fargo & Company lowered their target price on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Bank of America dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Stifel Nicolaus lowered their price target on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. 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. Finally, The Goldman Sachs Group lowered shares of Conagra Brands from a "buy" rating to a "neutral" rating and cut their price target for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Conagra Brands has an average rating of "Hold" and a consensus price target of $28.67.

Conagra Brands Stock Performance

CAG stock traded up $0.51 during midday trading on Monday, reaching $26.05. The stock had a trading volume of 5,843,439 shares, compared to its average volume of 5,773,858. 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 stock has a market cap of $12.43 billion, a PE ratio of 25.54, a P/E/G ratio of 1.76 and a beta of 0.28. The firm has a fifty day simple moving average of $25.95 and a two-hundred day simple moving average of $28.33.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The business's quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, January 27th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands's dividend payout ratio is currently 137.25%.

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.