Conagra Brands, Inc. (NYSE:CAG) Stock Holdings Lessened by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 86.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,745 shares of the company’s stock after selling 30,278 shares during the quarter. Headlands Technologies LLC’s holdings in Conagra Brands were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Conagra Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,745,629 shares of the company’s stock valued at $325,096,000 after acquiring an additional 231,477 shares during the period. National Bank of Canada FI boosted its position in Conagra Brands by 15.4% during the 4th quarter. National Bank of Canada FI now owns 233,075 shares of the company’s stock valued at $6,468,000 after purchasing an additional 31,019 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in Conagra Brands by 159.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 78,751 shares of the company’s stock worth $2,184,000 after buying an additional 48,349 shares during the last quarter. Alliancebernstein L.P. increased its position in Conagra Brands by 15.2% in the fourth quarter. Alliancebernstein L.P. now owns 1,182,882 shares of the company’s stock worth $32,825,000 after buying an additional 156,161 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its stake in Conagra Brands by 18.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 2,833,831 shares of the company’s stock valued at $78,639,000 after buying an additional 433,276 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Down 0.3 %

NYSE CAG opened at $26.71 on Friday. The company has a market capitalization of $12.75 billion, a P/E ratio of 26.19, a PEG ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The company’s 50 day simple moving average is $25.74 and its 200 day simple moving average is $27.44.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. Conagra Brands’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Equities research analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be paid a $0.35 dividend. The ex-dividend date is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 5.24%. Conagra Brands’s dividend payout ratio is currently 137.25%.

Wall Street Analysts Forecast Growth

CAG has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Barclays decreased their price objective on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Morgan Stanley initiated coverage on Conagra Brands in a research note on Monday, March 24th. They set an “equal weight” rating and a $27.00 target price on the stock. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $28.20.

Conagra Brands 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.