Vanguard Personalized Indexing Management LLC Sells 7,700 Shares of Conagra Brands, Inc. (NYSE:CAG)

Vanguard Personalized Indexing Management LLC lowered its stake in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 14.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 44,600 shares of the company’s stock after selling 7,700 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Conagra Brands were worth $1,223,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Conagra Brands by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 54,738,710 shares of the company’s stock valued at $1,837,578,000 after purchasing an additional 786,816 shares during the last quarter. BlackRock Inc. lifted its position in shares of Conagra Brands by 2.2% during the 2nd quarter. BlackRock Inc. now owns 44,038,412 shares of the company’s stock worth $1,484,975,000 after buying an additional 931,636 shares in the last quarter. State Street Corp lifted its position in shares of Conagra Brands by 12.8% during the 1st quarter. State Street Corp now owns 23,556,766 shares of the company’s stock worth $790,801,000 after buying an additional 2,671,720 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Conagra Brands by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 10,075,462 shares of the company’s stock worth $338,855,000 after buying an additional 225,906 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Conagra Brands by 5.8% during the 2nd quarter. LSV Asset Management now owns 8,803,761 shares of the company’s stock worth $296,863,000 after buying an additional 480,432 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Conagra Brands in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $31.00 target price on the stock. Citigroup started coverage on shares of Conagra Brands in a research report on Thursday, February 1st. They set a “neutral” rating and a $30.00 target price on the stock. Evercore ISI cut shares of Conagra Brands from an “outperform” rating to an “in-line” rating and set a $32.00 price target on the stock. in a report on Monday, December 11th. Finally, Royal Bank of Canada lowered their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 3rd. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.87.

View Our Latest Research Report on Conagra Brands

Conagra Brands Trading Down 2.5 %

Shares of CAG stock opened at $27.40 on Friday. The company’s fifty day simple moving average is $29.01 and its two-hundred day simple moving average is $28.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.31. Conagra Brands, Inc. has a 1 year low of $25.16 and a 1 year high of $38.94. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.91 and a beta of 0.44.

Conagra Brands (NYSE:CAGGet Free Report) last released its quarterly earnings results on Thursday, January 4th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.23 billion. Conagra Brands had a net margin of 8.09% and a return on equity of 14.78%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. As a group, analysts anticipate that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Tuesday, January 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.11%. Conagra Brands’s dividend payout ratio (DPR) is currently 67.96%.

Conagra Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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