Natixis Has $1.46 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

Natixis trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,740 shares of the company’s stock after selling 5,693 shares during the period. Natixis’ holdings in Conagra Brands were worth $1,464,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norinchukin Bank The raised its holdings in shares of Conagra Brands by 7.2% in the fourth quarter. Norinchukin Bank The now owns 20,618 shares of the company’s stock valued at $572,000 after buying an additional 1,387 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Conagra Brands by 22.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,459,844 shares of the company’s stock worth $151,503,000 after acquiring an additional 1,002,585 shares during the last quarter. Forum Financial Management LP lifted its position in shares of Conagra Brands by 75.1% during the fourth quarter. Forum Financial Management LP now owns 14,450 shares of the company’s stock worth $401,000 after purchasing an additional 6,196 shares in the last quarter. Cadence Bank bought a new stake in shares of Conagra Brands during the fourth quarter valued at approximately $7,414,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Conagra Brands by 11.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 572,680 shares of the company’s stock valued at $15,886,000 after purchasing an additional 60,677 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley initiated coverage on Conagra Brands in a report on Monday, March 24th. They set an “equal weight” rating and a $27.00 price objective on the stock. Stifel Nicolaus decreased their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Barclays boosted their price objective on Conagra Brands from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 7th. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.90.

Conagra Brands Stock Up 0.4 %

NYSE:CAG opened at $25.48 on Wednesday. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.76 and a beta of 0.27. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $25.79 and a two-hundred day moving average price of $26.86. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24.

Conagra Brands (NYSE:CAG) last released 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 firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. Conagra Brands’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. As a group, equities analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.49%. Conagra Brands’s dividend payout ratio (DPR) is presently 205.88%.

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.