Universal Beteiligungs und Servicegesellschaft mbH Has $16.17 Million Position in Conagra Brands (NYSE:CAG)

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Conagra Brands (NYSE:CAG - Free Report) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 606,354 shares of the company's stock after selling 46,753 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Conagra Brands worth $16,171,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CAG. Virtu Financial LLC acquired a new position in shares of Conagra Brands during the 4th quarter worth approximately $235,000. Vanguard Group Inc. increased its position in shares of 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. Korea Investment CORP increased its holdings in shares of Conagra Brands by 14.2% during the 4th quarter. Korea Investment CORP now owns 817,944 shares of the company's stock worth $22,698,000 after acquiring an additional 101,865 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Conagra Brands by 8.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 788,149 shares of the company's stock worth $21,792,000 after acquiring an additional 60,255 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of Conagra Brands by 17.5% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 49,912 shares of the company's stock worth $1,385,000 after acquiring an additional 7,435 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Price Performance

Shares of CAG stock traded up $0.14 on Monday, hitting $19.35. 2,774,436 shares of the company's stock were exchanged, compared to its average volume of 7,270,972. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.24. Conagra Brands has a 12 month low of $18.67 and a 12 month high of $33.24. The stock has a market cap of $9.24 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.11. The company has a 50 day moving average of $21.18 and a 200 day moving average of $23.86.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). Conagra Brands had a return on equity of 12.52% and a net margin of 9.92%. The business had revenue of $2,781,800 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. Conagra Brands's quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, July 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.24%. Conagra Brands's dividend payout ratio is currently 58.58%.

Analyst Ratings Changes

A number of research firms recently weighed in on CAG. Morgan Stanley decreased their target price on Conagra Brands from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th. Bank of America lowered Conagra Brands from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $27.00 to $20.00 in a report on Thursday, June 12th. UBS Group decreased their price objective on Conagra Brands from $21.00 to $20.00 and set a "neutral" 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 decreased their price objective for the company from $26.00 to $21.00 in a report on Monday, June 9th. Finally, Evercore ISI decreased their price objective on Conagra Brands from $26.00 to $24.00 and set an "in-line" rating on the stock in a report on Friday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Conagra Brands currently has a consensus rating of "Hold" and a consensus target price of $22.58.

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.