Conagra Brands (NYSE:CAG) Stock Holdings Lifted by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Conagra Brands (NYSE:CAG - Free Report) by 58.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 370,024 shares of the company's stock after buying an additional 136,949 shares during the period. National Bank of Canada FI owned 0.08% of Conagra Brands worth $9,868,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Two Sigma Advisers LP boosted its holdings in shares of Conagra Brands by 33.9% during the fourth quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company's stock worth $225,746,000 after purchasing an additional 2,058,000 shares during the last quarter. Deutsche Bank AG boosted its holdings in Conagra Brands by 51.6% in the fourth quarter. Deutsche Bank AG now owns 5,664,293 shares of the company's stock valued at $157,184,000 after acquiring an additional 1,928,883 shares during the last quarter. KBC Group NV boosted its holdings in Conagra Brands by 560.1% in the first quarter. KBC Group NV now owns 2,042,766 shares of the company's stock valued at $54,480,000 after acquiring an additional 1,733,297 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Conagra Brands by 2.7% in the first quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company's stock valued at $1,610,971,000 after acquiring an additional 1,604,893 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Conagra Brands by 5,102.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,216,421 shares of the company's stock valued at $32,442,000 after acquiring an additional 1,193,041 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CAG shares. Stifel Nicolaus reduced their target price on Conagra Brands from $26.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, July 11th. The Goldman Sachs Group lowered Conagra Brands from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $26.00 to $21.00 in a research report on Monday, June 9th. Royal Bank Of Canada dropped their target price on Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Friday, July 11th. Barclays dropped their target price on Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, UBS Group dropped their target price on Conagra Brands from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.58.

Conagra Brands Price Performance

CAG traded down $0.29 during trading on Friday, reaching $19.16. The stock had a trading volume of 8,385,226 shares, compared to its average volume of 11,450,016. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.08. The company has a quick ratio of 0.24, a current ratio of 0.71 and a debt-to-equity ratio of 0.70. Conagra Brands has a 1-year low of $18.18 and a 1-year high of $33.24. The stock has a 50 day moving average of $20.11 and a two-hundred day moving average of $23.17.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.05). The firm had revenue of $2,781,800 billion during the quarter, compared to analyst estimates of $2.88 billion. Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, July 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.3%. Conagra Brands's dividend payout ratio is currently 58.58%.

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.