Jump Financial LLC Reduces Holdings in Conagra Brands, Inc. (NYSE:CAG)

Jump Financial LLC reduced its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,086 shares of the company's stock after selling 109,615 shares during the period. Jump Financial LLC owned about 0.07% of Conagra Brands worth $8,660,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in Conagra Brands by 0.6% during the 4th quarter. Bessemer Group Inc. now owns 78,038 shares of the company's stock worth $2,166,000 after acquiring an additional 429 shares in the last quarter. Grove Bank & Trust increased its position in shares of Conagra Brands by 65.4% during the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Conagra Brands by 1.3% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company's stock valued at $1,030,000 after purchasing an additional 500 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Conagra Brands by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock valued at $2,346,000 after purchasing an additional 501 shares during the period. Finally, Xponance Inc. grew its stake in Conagra Brands by 0.8% during the 4th quarter. Xponance Inc. now owns 65,680 shares of the company's stock worth $1,823,000 after buying an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley started coverage on shares of Conagra Brands in a research note on Monday, March 24th. They set an "equal weight" rating and a $27.00 target price for the company. The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and dropped their price target for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Barclays lifted their target price on Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Nine equities 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.90.

Conagra Brands Price Performance

Conagra Brands stock traded up $0.01 during midday trading on Monday, reaching $25.34. The company's stock had a trading volume of 525,525 shares, compared to its average volume of 5,110,904. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The firm has a market capitalization of $12.10 billion, a PE ratio of 24.84, a P/E/G ratio of 1.76 and a beta of 0.27. The stock's 50 day simple moving average is $25.77 and its 200 day simple moving average is $26.89.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data 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 4.13% and a return on equity of 13.76%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business earned $0.69 EPS. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's dividend payout ratio is currently 205.88%.

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.