Dimensional Fund Advisors LP increased its position in Conagra Brands Inc (NYSE:CAG) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,863 shares of the company’s stock after buying an additional 36,605 shares during the period. Dimensional Fund Advisors LP owned about 0.24% of Conagra Brands worth $41,088,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CAG. Alpha Windward LLC raised its position in Conagra Brands by 2.2% in the third quarter. Alpha Windward LLC now owns 2,838 shares of the company’s stock worth $134,000 after buying an additional 61 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Conagra Brands during the third quarter worth approximately $159,000. Fort Pitt Capital Group LLC bought a new position in Conagra Brands during the fourth quarter worth approximately $202,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Conagra Brands by 104.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,300 shares of the company’s stock valued at $203,000 after buying an additional 2,200 shares during the period. Finally, National Planning Corp raised its position in shares of Conagra Brands by 1.4% in the fourth quarter. National Planning Corp now owns 5,248 shares of the company’s stock valued at $206,000 after buying an additional 72 shares during the period. 76.28% of the stock is currently owned by institutional investors.
Shares of Conagra Brands Inc (NYSE:CAG) traded down 0.02% on Friday, hitting $40.71. The stock had a trading volume of 1,799,759 shares. Conagra Brands Inc has a 12 month low of $33.61 and a 12 month high of $48.86. The stock has a market cap of $17.32 billion, a PE ratio of 29.61 and a beta of 0.30. The stock has a 50 day moving average of $40.67 and a 200-day moving average of $38.81.
Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, March 23rd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Conagra Brands had a return on equity of 25.62% and a net margin of 6.00%. The firm earned $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. Equities research analysts anticipate that Conagra Brands Inc will post $1.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Friday, April 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, April 26th. Conagra Brands’s payout ratio is 55.94%.
CAG has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $42.00 price target on shares of Conagra Brands in a research note on Friday, December 23rd. Credit Suisse Group AG boosted their price target on Conagra Brands from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, December 23rd. Zacks Investment Research raised Conagra Brands from a “strong sell” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, January 10th. Citigroup Inc upgraded Conagra Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, January 11th. Finally, Vetr downgraded Conagra Brands from a “strong-buy” rating to a “hold” rating and set a $40.38 price target for the company. in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.76.
In related news, Director Ruth Ann Marshall sold 6,046 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $40.61, for a total value of $245,528.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is owned by corporate insiders.
Conagra Brands Company Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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