Robeco Institutional Asset Management B.V. Buys 369,141 Shares of Conagra Brands (NYSE:CAG)

Robeco Institutional Asset Management B.V. increased its stake in shares of Conagra Brands (NYSE:CAG - Free Report) by 59.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 991,953 shares of the company's stock after purchasing an additional 369,141 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Conagra Brands worth $26,455,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Conagra Brands by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company's stock worth $1,631,671,000 after buying an additional 1,132,839 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Conagra Brands by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,745,629 shares of the company's stock valued at $325,096,000 after acquiring an additional 231,477 shares during the period. Invesco Ltd. boosted its stake 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 acquiring an additional 1,745,319 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Conagra Brands by 33.9% during the fourth quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company's stock valued at $225,746,000 after purchasing an additional 2,058,000 shares during the period. Finally, Norges Bank acquired a new position in Conagra Brands during the fourth quarter valued at approximately $168,877,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Up 2.8%

Shares of Conagra Brands stock traded up $0.57 during trading on Tuesday, reaching $21.04. The stock had a trading volume of 11,287,443 shares, compared to its average volume of 5,742,799. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 1.52 and a beta of 0.11. The stock has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $24.84. Conagra Brands has a 52 week low of $20.26 and a 52 week high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a net margin of 2.80% and a return on equity of 12.94%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The company's revenue was down 6.3% on a year-over-year basis. Sell-side analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, April 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend was Monday, April 28th. Conagra Brands's dividend payout ratio (DPR) is currently 205.88%.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group downgraded Conagra Brands from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $26.00 to $21.00 in a research note on Monday, June 9th. Bank of America lowered Conagra Brands from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $27.00 to $20.00 in a report on Thursday, June 12th. UBS Group lowered their price target on Conagra Brands from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Barclays dropped their price target 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.27.

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.