Banque Cantonale Vaudoise Boosts Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Banque Cantonale Vaudoise grew its holdings in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 26.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,156 shares of the company’s stock after acquiring an additional 7,326 shares during the period. Banque Cantonale Vaudoise’s holdings in Conagra Brands were worth $964,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CAG. Heartland Advisors Inc. grew its holdings in Conagra Brands by 40.4% during the 3rd quarter. Heartland Advisors Inc. now owns 310,191 shares of the company’s stock worth $8,505,000 after acquiring an additional 89,228 shares in the last quarter. Amalgamated Bank grew its stake in Conagra Brands by 10.9% in the third quarter. Amalgamated Bank now owns 133,837 shares of the company’s stock worth $3,670,000 after purchasing an additional 13,115 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC increased its holdings in Conagra Brands by 79.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 99,605 shares of the company’s stock valued at $2,731,000 after buying an additional 44,212 shares during the last quarter. New York Life Investment Management LLC raised its stake in Conagra Brands by 2.9% during the third quarter. New York Life Investment Management LLC now owns 84,677 shares of the company’s stock valued at $2,322,000 after buying an additional 2,414 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its holdings in Conagra Brands by 5.3% during the 3rd quarter. Bryn Mawr Capital Management LLC now owns 36,655 shares of the company’s stock worth $1,005,000 after buying an additional 1,854 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Conagra Brands Trading Down 3.1 %

Conagra Brands stock opened at $28.56 on Tuesday. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $38.94. The stock has a market capitalization of $13.65 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.13 and a beta of 0.44. The firm has a 50 day simple moving average of $29.02 and a 200-day simple moving average of $29.01. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.31.

Conagra Brands (NYSE:CAGGet Free Report) last issued its quarterly earnings results on Thursday, January 4th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.81 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Tuesday, January 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Monday, January 29th. Conagra Brands’s payout ratio is 67.96%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup assumed coverage on Conagra Brands in a research report on Thursday, February 1st. They set a “neutral” rating and a $30.00 price target on the stock. Morgan Stanley dropped their price objective on shares of 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. Evercore ISI downgraded Conagra Brands from an “outperform” rating to an “in-line” rating and set a $32.00 price target on the stock. in a report on Monday, December 11th. Wells Fargo & Company started coverage on Conagra Brands in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $31.00 price objective for the company. Finally, Royal Bank of Canada cut their target price 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. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.87.

Get Our Latest Report on CAG

Conagra Brands 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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