Vontobel Holding Ltd. Lowers Stake in Conagra Brands, Inc. (NYSE:CAG)

Vontobel Holding Ltd. decreased its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,038 shares of the company's stock after selling 14,437 shares during the quarter. Vontobel Holding Ltd.'s holdings in Conagra Brands were worth $917,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Conagra Brands in the fourth quarter valued at about $28,000. Grove Bank & Trust raised its stake in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after purchasing an additional 447 shares during the period. Stonebridge Financial Group LLC purchased a new position in Conagra Brands in the 4th quarter worth approximately $44,000. Abich Financial Wealth Management LLC bought a new position in Conagra Brands in the 3rd quarter worth approximately $47,000. Finally, ST Germain D J Co. Inc. grew its holdings in 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 buying an additional 529 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

Wall Street Analyst Weigh In

CAG has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday. Citigroup decreased their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. 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 cut their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Conagra Brands currently has a consensus rating of "Hold" and a consensus target price of $29.78.

Conagra Brands Trading Up 3.9 %

Shares of NYSE:CAG traded up $0.98 during trading on Friday, reaching $25.82. The company's stock had a trading volume of 7,589,193 shares, compared to its average volume of 5,837,675. The firm's 50 day simple moving average is $26.20 and its two-hundred day simple moving average is $28.57. 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, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The stock has a market capitalization of $12.32 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.28.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 13.76% and a net margin of 4.13%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. On average, research analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands's dividend payout ratio (DPR) is 137.26%.

Conagra Brands Company 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.