Achmea Investment Management B.V. Grows Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Achmea Investment Management B.V. boosted its position in Conagra Brands, Inc. (NYSE:CAGFree Report) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,268 shares of the company’s stock after buying an additional 1,874 shares during the quarter. Achmea Investment Management B.V.’s holdings in Conagra Brands were worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CAG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Conagra Brands by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,185 shares of the company’s stock worth $2,155,000 after buying an additional 3,975 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Conagra Brands by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 309,389 shares of the company’s stock valued at $10,942,000 after purchasing an additional 1,186 shares during the period. Synovus Financial Corp raised its stake in shares of Conagra Brands by 3.7% during the 1st quarter. Synovus Financial Corp now owns 22,548 shares of the company’s stock valued at $758,000 after purchasing an additional 807 shares during the period. Blair William & Co. IL raised its stake in shares of Conagra Brands by 19.8% during the 1st quarter. Blair William & Co. IL now owns 27,151 shares of the company’s stock valued at $911,000 after purchasing an additional 4,487 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Conagra Brands by 509.0% during the 1st quarter. Allianz Asset Management GmbH now owns 366,225 shares of the company’s stock valued at $12,294,000 after purchasing an additional 306,086 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Stock Down 0.3 %

Shares of NYSE:CAG traded down $0.08 during trading on Friday, hitting $29.60. The stock had a trading volume of 10,472,661 shares, compared to its average volume of 6,316,822. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $38.94. The company has a market capitalization of $14.15 billion, a PE ratio of 14.40, a PEG ratio of 3.12 and a beta of 0.43. The firm’s fifty day moving average is $28.87 and its 200 day moving average is $29.24. The company has a quick ratio of 0.31, a current ratio of 0.91 and a debt-to-equity ratio of 0.83.

Conagra Brands (NYSE:CAGGet Free Report) last announced its earnings results on Thursday, January 4th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. Conagra Brands had a return on equity of 14.78% and a net margin of 8.09%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Tuesday, January 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Monday, January 29th. Conagra Brands’s dividend payout ratio (DPR) is presently 67.96%.

Analyst Ratings Changes

A number of research firms recently issued reports on CAG. Royal Bank of Canada decreased their price objective on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 3rd. Morgan Stanley decreased their price objective on Conagra Brands from $37.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, October 9th. StockNews.com began coverage on Conagra Brands in a research note on Thursday, October 5th. They set a “hold” rating on the stock. The Goldman Sachs Group reduced their target price on Conagra Brands from $37.00 to $33.00 in a research report on Thursday, October 5th. Finally, Wells Fargo & Company assumed coverage on Conagra Brands in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $31.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and a consensus target price of $33.07.

Get Our Latest Stock Report on CAG

Conagra Brands Company Profile

(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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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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