Conagra Brands, Inc. (NYSE:CAG) Stake Raised by Axa S.A.

Axa S.A. grew its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 123.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476,300 shares of the company's stock after purchasing an additional 262,778 shares during the period. Axa S.A. owned approximately 0.10% of Conagra Brands worth $13,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. All Terrain Financial Advisors LLC grew its position in Conagra Brands by 3.6% in the fourth quarter. All Terrain Financial Advisors LLC now owns 103,822 shares of the company's stock worth $2,881,000 after buying an additional 3,602 shares during the last quarter. DoubleLine ETF Adviser LP grew its holdings in shares of Conagra Brands by 3.2% in the 4th quarter. DoubleLine ETF Adviser LP now owns 27,911 shares of the company's stock worth $775,000 after acquiring an additional 858 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Conagra Brands during the fourth quarter worth $11,494,000. Freestone Grove Partners LP purchased a new stake in shares of Conagra Brands during the fourth quarter valued at $22,277,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Conagra Brands in the 4th quarter valued at $195,000. Institutional investors own 83.75% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CAG. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley assumed coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective for the company. Barclays boosted their target price on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, April 7th. The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company dropped their price target on 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. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.90.

Conagra Brands Price Performance

CAG opened at $23.51 on Tuesday. The stock has a fifty day moving average price of $25.64 and a 200 day moving average price of $26.51. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.76 and a beta of 0.27.

Conagra Brands (NYSE:CAG - Get Free Report) last announced 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 firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.95%. Conagra Brands's dividend payout ratio is currently 205.88%.

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.

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