Conagra Brands, Inc. (NYSE:CAG) Stock Holdings Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 33.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,135,000 shares of the company's stock after purchasing an additional 2,058,000 shares during the period. Two Sigma Advisers LP owned about 1.70% of Conagra Brands worth $225,746,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Two Sigma Investments LP increased its position in Conagra Brands by 10.6% during the fourth quarter. Two Sigma Investments LP now owns 4,738,404 shares of the company's stock worth $131,491,000 after buying an additional 454,163 shares in the last quarter. Tidal Investments LLC increased its position in Conagra Brands by 29.7% during the fourth quarter. Tidal Investments LLC now owns 43,573 shares of the company's stock worth $1,209,000 after buying an additional 9,966 shares in the last quarter. State of Wyoming increased its position in Conagra Brands by 200.0% during the fourth quarter. State of Wyoming now owns 21,424 shares of the company's stock worth $595,000 after buying an additional 14,283 shares in the last quarter. Toronto Dominion Bank increased its position in Conagra Brands by 0.8% during the fourth quarter. Toronto Dominion Bank now owns 255,396 shares of the company's stock worth $7,087,000 after buying an additional 1,954 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in Conagra Brands by 8.7% during the fourth quarter. Systematic Financial Management LP now owns 37,135 shares of the company's stock worth $1,030,000 after buying an additional 2,985 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CAG. Stifel Nicolaus lowered their price objective 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. Morgan Stanley began coverage on Conagra Brands in a research report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Barclays reduced their target price on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $27.50.

Conagra Brands Stock Down 0.8%

Shares of NYSE:CAG traded down $0.18 during trading on Thursday, hitting $22.30. The company's stock had a trading volume of 9,762,303 shares, compared to its average volume of 5,358,485. 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 company has a market capitalization of $10.65 billion, a PE ratio of 21.86, a PEG ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $33.24. The stock's 50-day moving average price is $24.89 and its two-hundred day moving average price is $26.02.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.84 billion during 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 firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. As a group, sell-side analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

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 issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

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.