Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Caprock Group LLC

Caprock Group LLC reduced its position in Conagra Brands, Inc. (NYSE:CAG) by 35.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,317 shares of the company’s stock after selling 9,654 shares during the period. Caprock Group LLC’s holdings in Conagra Brands were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CAG. Pacer Advisors Inc. lifted its stake in shares of Conagra Brands by 21,015.0% in 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 during the period. Two Sigma Advisers LP increased its holdings in Conagra Brands by 106.4% in the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock worth $197,624,000 after acquiring an additional 3,133,200 shares in the last quarter. Holocene Advisors LP purchased a new stake in Conagra Brands in the 3rd quarter worth $65,932,000. State Street Corp increased its holdings in Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock worth $796,229,000 after acquiring an additional 1,691,945 shares in the last quarter. Finally, Ilex Capital Partners UK LLP purchased a new stake in Conagra Brands in the 3rd quarter worth $46,990,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Down 1.7 %

Shares of NYSE:CAG opened at $25.03 on Wednesday. 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 business has a fifty day moving average of $26.88 and a two-hundred day moving average of $28.99. The stock has a market cap of $11.94 billion, a P/E ratio of 24.53, a PEG ratio of 1.76 and a beta of 0.28. Conagra Brands, Inc. has a 52-week low of $24.85 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. On average, research analysts expect that Conagra Brands, Inc. will post 2.46 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Monday, January 27th will be given a $0.35 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 5.59%. Conagra Brands’s dividend payout ratio is currently 137.26%.

Analyst Upgrades and Downgrades

CAG has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company cut their price target on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Citigroup 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 Wednesday, December 11th. 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, Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and a consensus price target of $30.33.

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.