XTX Topco Ltd lessened its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 50.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,196 shares of the company's stock after selling 33,248 shares during the period. XTX Topco Ltd's holdings in Conagra Brands were worth $1,080,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CAG. Courier Capital LLC boosted its position in shares of Conagra Brands by 1.3% in the third quarter. Courier Capital LLC now owns 27,062 shares of the company's stock worth $880,000 after buying an additional 355 shares during the period. CWM LLC boosted its holdings in Conagra Brands by 0.4% in the third quarter. CWM LLC now owns 87,222 shares of the company's stock valued at $2,836,000 after purchasing an additional 359 shares during the last quarter. Empirical Finance LLC boosted its holdings in Conagra Brands by 2.3% in the third quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock valued at $533,000 after purchasing an additional 362 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Conagra Brands by 0.7% in the third quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company's stock valued at $1,716,000 after purchasing an additional 376 shares during the last quarter. Finally, Bridgewater Advisors Inc. boosted its holdings in Conagra Brands by 1.5% in the third quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock valued at $820,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.
Conagra Brands Stock Performance
Shares of Conagra Brands stock traded up $0.10 on Tuesday, reaching $27.84. 5,023,684 shares of the company were exchanged, compared to its average volume of 4,772,502. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.33 and a current ratio of 0.94. The company's 50-day moving average is $28.59 and its two-hundred day moving average is $29.65. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 2.80 and a beta of 0.31. Conagra Brands, Inc. has a 1-year low of $26.21 and a 1-year high of $33.24.
Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.07). The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, research analysts expect that Conagra Brands, Inc. will post 2.59 earnings per share for the current fiscal year.
Conagra Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, October 31st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.03%. The ex-dividend date was Thursday, October 31st. Conagra Brands's dividend payout ratio is currently 135.92%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CAG. The Goldman Sachs Group began coverage on Conagra Brands in a report on Monday, August 12th. They issued a "buy" rating and a $36.00 price target for the company. Bank of America reduced their price target on Conagra Brands from $34.00 to $33.00 and set a "neutral" rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company increased their price target on Conagra Brands from $30.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. BNP Paribas raised Conagra Brands to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of "Hold" and an average price target of $31.63.
Read Our Latest Report on CAG
About Conagra Brands
(
Free Report)
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.
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