Caisse DE Depot ET Placement DU Quebec Makes New Investment in Conagra Brands, Inc. (NYSE:CAG)

Caisse DE Depot ET Placement DU Quebec bought a new stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 414,191 shares of the company's stock, valued at approximately $11,494,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of Conagra Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Conagra Brands during the third quarter worth $196,000. Principal Financial Group Inc. grew its stake in shares of Conagra Brands by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 573,789 shares of the company's stock worth $18,660,000 after acquiring an additional 3,597 shares in the last quarter. Everence Capital Management Inc. raised its holdings in shares of Conagra Brands by 14.2% in the fourth quarter. Everence Capital Management Inc. now owns 18,350 shares of the company's stock valued at $509,000 after purchasing an additional 2,280 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after purchasing an additional 618,096 shares in the last quarter. Finally, Pensionfund Sabic grew its position in Conagra Brands by 36.6% in the fourth quarter. Pensionfund Sabic now owns 48,500 shares of the company's stock valued at $1,346,000 after purchasing an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Trading Down 0.0 %

Shares of NYSE:CAG traded down $0.01 during midday trading on Friday, hitting $23.21. 4,081,009 shares of the stock were exchanged, compared to its average volume of 5,192,498. The business's 50-day moving average price is $25.49 and its 200 day moving average price is $26.42. Conagra Brands, Inc. has a 12 month low of $22.78 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Conagra Brands's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 annualized dividend and a dividend yield of 6.03%. Conagra Brands's dividend payout ratio is presently 205.88%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company reduced their price target on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Barclays raised their target price on shares of Conagra Brands from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, April 7th. Morgan Stanley assumed coverage on Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on shares of 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of "Hold" and a consensus target price of $27.80.

Conagra Brands Company 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.