BNP Paribas Financial Markets Grows Holdings in Conagra Brands, Inc. (NYSE:CAG)

BNP Paribas Financial Markets raised its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,060,860 shares of the company's stock after purchasing an additional 100,892 shares during the period. BNP Paribas Financial Markets owned 0.22% of Conagra Brands worth $29,439,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands during the fourth quarter valued at approximately $28,000. Riverview Trust Co bought a new stake in Conagra Brands during the 4th quarter worth approximately $29,000. Grove Bank & Trust raised its stake in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Conagra Brands in the fourth quarter valued at approximately $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Price Performance

Shares of Conagra Brands stock traded down $0.36 on Wednesday, reaching $22.47. The stock had a trading volume of 1,871,617 shares, compared to its average volume of 5,249,532. Conagra Brands, Inc. has a 1 year low of $22.39 and a 1 year high of $33.24. 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 company has a market cap of $10.73 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business's 50 day moving average is $25.33 and its two-hundred day moving average is $26.27.

Conagra Brands (NYSE:CAG - Get Free Report) last issued 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 business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business's revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. As a group, research analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAG. Stifel Nicolaus decreased their price target on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Finally, Morgan Stanley began coverage on Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.50.

About Conagra Brands

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.