Ossiam Reduces Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Ossiam cut its holdings in Conagra Brands, Inc. (NYSE:CAG) by 97.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,137 shares of the company’s stock after selling 46,845 shares during the period. Ossiam’s holdings in Conagra Brands were worth $32,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CAG. Bessemer Group Inc. lifted its holdings in shares of Conagra Brands by 0.6% in the fourth quarter. Bessemer Group Inc. now owns 78,038 shares of the company’s stock valued at $2,166,000 after purchasing an additional 429 shares in the last quarter. Grove Bank & Trust lifted its stake in Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after buying an additional 447 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in Conagra Brands by 1.3% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company’s stock valued at $1,030,000 after buying an additional 500 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock valued at $2,346,000 after buying an additional 501 shares during the last quarter. Finally, Xponance Inc. increased its position in Conagra Brands by 0.8% during the fourth quarter. Xponance Inc. now owns 65,680 shares of the company’s stock worth $1,823,000 after buying an additional 505 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Trading Down 1.0 %

CAG stock opened at $25.22 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.76 and a beta of 0.27. The business has a fifty day simple moving average of $25.79 and a 200-day simple moving average of $26.85. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24.

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 analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. Conagra Brands’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. On average, equities research analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.55%. Conagra Brands’s payout ratio is 205.88%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Barclays boosted their price objective on shares of Conagra Brands from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 7th. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Stifel Nicolaus cut their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Nine 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.90.

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.