Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP cut its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 66.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 105,616 shares of the company's stock after selling 209,806 shares during the period. Quantinno Capital Management LP's holdings in Conagra Brands were worth $2,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAG. Norges Bank acquired a new position in Conagra Brands during the 4th quarter worth approximately $168,877,000. Massachusetts Financial Services Co. MA purchased a new stake in Conagra Brands during the 4th quarter worth approximately $110,704,000. Deutsche Bank AG increased its holdings in Conagra Brands by 51.6% during the 4th quarter. Deutsche Bank AG now owns 5,664,293 shares of the company's stock worth $157,184,000 after purchasing an additional 1,928,883 shares during the last quarter. Invesco Ltd. increased its holdings in Conagra Brands by 18.5% during the 4th quarter. Invesco Ltd. now owns 11,161,355 shares of the company's stock worth $309,728,000 after purchasing an additional 1,745,319 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 purchasing an additional 1,132,839 shares during the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Trading Up 0.1%

NYSE:CAG opened at $23.01 on Tuesday. Conagra Brands, Inc. has a 12-month low of $22.38 and a 12-month high of $33.24. The firm has a market capitalization of $10.98 billion, a P/E ratio of 22.56, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The business has a 50 day simple moving average of $25.01 and a 200 day simple moving average of $26.06.

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 analysts' consensus estimates of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $0.69 EPS. The company's revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 6.08%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CAG. Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Barclays lowered their price target on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 12th. 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 target for the company. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and lowered their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on Conagra Brands from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. 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 MarketBeat, Conagra Brands has a consensus rating of "Hold" and a consensus price target of $27.50.

Conagra Brands 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.

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