Nisa Investment Advisors LLC Acquires 50,329 Shares of Conagra Brands, Inc. (NYSE:CAG)

Nisa Investment Advisors LLC increased its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,066 shares of the company's stock after buying an additional 50,329 shares during the quarter. Nisa Investment Advisors LLC's holdings in Conagra Brands were worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC lifted its position in Conagra Brands by 93.2% during the first quarter. Clear Street Markets LLC now owns 935 shares of the company's stock worth $35,000 after buying an additional 451 shares during the period. Riverview Trust Co raised its holdings in shares of Conagra Brands by 132.8% in the 3rd quarter. Riverview Trust Co now owns 945 shares of the company's stock worth $26,000 after purchasing an additional 539 shares during the period. Thompson Investment Management Inc. raised its holdings in shares of Conagra Brands by 100.0% in the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company's stock worth $27,000 after purchasing an additional 500 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Conagra Brands in the 4th quarter worth about $39,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Conagra Brands in the 2nd quarter worth about $35,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on CAG shares. Barclays raised their price objective on Conagra Brands from $31.00 to $34.00 and gave the stock an "overweight" rating in a report on Monday. Citigroup raised their target price on Conagra Brands from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Royal Bank of Canada dropped their target price on Conagra Brands from $32.00 to $30.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 3rd. Wells Fargo & Company raised their price objective on Conagra Brands from $30.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus raised their price objective on Conagra Brands from $29.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of "Hold" and an average price target of $33.14.

Conagra Brands Stock Performance

Shares of CAG traded down $0.61 during mid-day trading on Thursday, hitting $29.99. The stock had a trading volume of 5,351,745 shares, compared to its average volume of 5,139,951. The company has a market cap of $14.34 billion, a PE ratio of 15.07, a PEG ratio of 3.15 and a beta of 0.42. The company's fifty day simple moving average is $28.63 and its two-hundred day simple moving average is $28.41. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $38.73.

Conagra Brands (NYSE:CAG - Get Free Report) last issued its earnings results on Thursday, April 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.01 billion. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, equities analysts expect that Conagra Brands, Inc. will post 2.62 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.67%. Conagra Brands's dividend payout ratio (DPR) is 70.35%.

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.