Conagra Brands, Inc. (NYSE:CAG) Holdings Decreased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 53.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,114 shares of the company's stock after selling 222,034 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Conagra Brands were worth $5,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAG. Riverview Trust Co grew its stake in shares of Conagra Brands by 132.8% during 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. grew its stake in shares of Conagra Brands by 100.0% during 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. Authentikos Wealth Advisory LLC acquired a new stake in shares of Conagra Brands during the 3rd quarter worth approximately $33,000. Clear Street Markets LLC grew its stake in shares of Conagra Brands by 93.2% during the 1st quarter. Clear Street Markets LLC now owns 935 shares of the company's stock worth $35,000 after purchasing an additional 451 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Stock Down 2.3 %

Shares of Conagra Brands stock traded down $0.69 on Friday, reaching $29.31. 3,790,677 shares of the company were exchanged, compared to its average volume of 5,120,937. Conagra Brands, Inc. has a 1-year low of $25.16 and a 1-year high of $38.73. The company has a market cap of $14.01 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 3.07 and a beta of 0.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. The stock's 50 day moving average price is $28.63 and its 200-day moving average price is $28.41.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, equities analysts forecast that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands's dividend payout ratio (DPR) is 70.35%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CAG shares. Wells Fargo & Company boosted their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, April 5th. Barclays lifted their target price on Conagra Brands from $31.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday. Citigroup lifted their target price on Conagra Brands from $30.00 to $32.00 and gave the company a "neutral" rating in a research 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 for the company in a research report on Wednesday, January 3rd. Finally, Stifel Nicolaus lifted their target price on Conagra Brands from $29.00 to $32.00 and gave the company a "hold" rating in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Conagra Brands presently has an average rating of "Hold" and an average price target of $33.14.

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.