Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 111,417 Shares of Conagra Brands, Inc. (NYSE:CAG)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 52.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,780 shares of the company’s stock after selling 111,417 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Conagra Brands were worth $2,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Conagra Brands in the fourth quarter valued at about $28,000. Grove Bank & Trust raised its position in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after purchasing an additional 447 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Conagra Brands in the fourth quarter valued at about $44,000. Asset Planning Inc bought a new position in shares of Conagra Brands in the fourth quarter valued at about $53,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after purchasing an additional 529 shares during the period. 83.75% of the stock is owned by institutional investors.

Conagra Brands Trading Down 2.9 %

Shares of Conagra Brands stock opened at $25.34 on Thursday. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.76 and a beta of 0.28. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The firm’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $28.44.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. On average, analysts forecast 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, February 27th. Stockholders of record on Monday, January 27th will be paid a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.52%. Conagra Brands’s payout ratio is currently 137.25%.

Analysts Set New Price Targets

CAG has been the topic of several research analyst reports. Barclays dropped their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Stifel Nicolaus decreased their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Citigroup decreased their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Finally, Bank of America decreased their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.67.

Conagra Brands Company 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.