Hotchkis & Wiley Capital Management LLC Has $204.57 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

Hotchkis & Wiley Capital Management LLC boosted its position in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 2.0% in the third quarter, Holdings Channel reports. The firm owned 6,290,625 shares of the company’s stock after purchasing an additional 122,590 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Conagra Brands were worth $204,571,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in shares of Conagra Brands in the third quarter valued at approximately $1,020,000. Pacer Advisors Inc. grew its holdings in Conagra Brands by 21,015.0% during the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after purchasing an additional 10,604,367 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Conagra Brands during the 3rd quarter valued at approximately $3,829,000. Swedbank AB increased its holdings in shares of Conagra Brands by 3.1% in the third quarter. Swedbank AB now owns 674,465 shares of the company’s stock valued at $21,934,000 after buying an additional 20,384 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in Conagra Brands in the third quarter worth approximately $967,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Conagra Brands stock opened at $27.82 on Tuesday. The firm’s fifty day moving average is $29.17 and its 200 day moving average is $29.78. Conagra Brands, Inc. has a 52-week low of $26.21 and a 52-week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.84 and a beta of 0.31.

Conagra Brands (NYSE:CAGGet Free Report) last released its 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). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Sell-side analysts forecast that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st were issued a $0.35 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.03%. Conagra Brands’s dividend payout ratio is presently 135.92%.

Analyst Upgrades and Downgrades

CAG has been the subject of a number of recent analyst reports. Bank of America lowered their price target on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 3rd. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. The Goldman Sachs Group initiated coverage on shares of Conagra Brands in a research report on Monday, August 12th. They set a “buy” rating and a $36.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.63.

View Our Latest Stock Analysis on Conagra Brands

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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