Dimensional Fund Advisors LP Acquires 1,002,585 Shares of Conagra Brands, Inc. (NYSE:CAG)

Dimensional Fund Advisors LP grew its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,459,844 shares of the company's stock after buying an additional 1,002,585 shares during the quarter. Dimensional Fund Advisors LP owned 1.14% of Conagra Brands worth $151,503,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CAG. Norges Bank acquired a new position in shares of Conagra Brands during the fourth quarter worth about $168,877,000. Massachusetts Financial Services Co. MA bought a new stake in Conagra Brands in the 4th quarter valued at approximately $110,704,000. Invesco Ltd. lifted its stake in Conagra Brands by 18.5% in the 4th quarter. Invesco Ltd. now owns 11,161,355 shares of the company's stock valued at $309,728,000 after acquiring an additional 1,745,319 shares in the last quarter. Vanguard Group Inc. boosted its position in Conagra Brands by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company's stock worth $1,631,671,000 after acquiring an additional 1,132,839 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Conagra Brands by 114.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,927,141 shares of the company's stock worth $53,478,000 after acquiring an additional 1,028,631 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

Conagra Brands Stock Performance

Shares of CAG traded up $0.36 during trading hours on Wednesday, hitting $24.70. The company had a trading volume of 6,129,722 shares, compared to its average volume of 5,140,753. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.76 and a beta of 0.27. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $25.75 and a 200-day moving average of $26.68. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its quarterly earnings data 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). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business earned $0.69 earnings per share. The company's revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors 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 yield of 5.67%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CAG shares. JPMorgan Chase & Co. reduced their target price on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Barclays raised their price objective on Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, April 7th. Stifel Nicolaus dropped their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Finally, Morgan Stanley started coverage on Conagra Brands in a report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.90.

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.