LSV Asset Management Decreases Stake in Conagra Brands, Inc. (NYSE:CAG)

LSV Asset Management lessened its holdings in Conagra Brands, Inc. (NYSE:CAG) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,174,211 shares of the company’s stock after selling 57,182 shares during the quarter. LSV Asset Management owned about 1.50% of Conagra Brands worth $199,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CAG. Norges Bank acquired a new stake in shares of Conagra Brands during the 4th quarter worth approximately $168,877,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Conagra Brands during the 4th quarter worth approximately $110,704,000. Invesco Ltd. grew its stake in shares of Conagra Brands by 18.5% during the 4th quarter. Invesco Ltd. now owns 11,161,355 shares of the company’s stock worth $309,728,000 after purchasing an additional 1,745,319 shares during the period. Vanguard Group Inc. grew its stake in shares of Conagra Brands by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company’s stock worth $1,631,671,000 after purchasing an additional 1,132,839 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Conagra Brands by 114.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,927,141 shares of the company’s stock worth $53,478,000 after purchasing an additional 1,028,631 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Morgan Stanley assumed coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target on the stock. Wells Fargo & Company decreased their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Bank of America decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, Stifel Nicolaus decreased their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.90.

Conagra Brands Trading Up 3.0 %

Shares of CAG stock opened at $25.73 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The stock has a fifty day moving average of $25.69 and a two-hundred day moving average of $27.23. The firm has a market capitalization of $12.28 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27.

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

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 5.44%. Conagra Brands’s dividend payout ratio (DPR) is currently 205.88%.

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.