Conagra Brands, Inc. (NYSE:CAG) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,270,752 shares of the company's stock after selling 211,487 shares during the period. LSV Asset Management owned about 1.73% of Conagra Brands worth $237,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of Conagra Brands by 188.3% during the fourth quarter. Pacer Advisors Inc. now owns 153,336 shares of the company's stock worth $4,395,000 after purchasing an additional 100,141 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Conagra Brands by 120.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 859,656 shares of the company's stock valued at $23,572,000 after acquiring an additional 469,421 shares in the last quarter. Adams Asset Advisors LLC purchased a new stake in Conagra Brands during the 4th quarter valued at about $7,690,000. Assenagon Asset Management S.A. grew its stake in Conagra Brands by 368.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,016,249 shares of the company's stock valued at $29,126,000 after acquiring an additional 799,175 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Conagra Brands by 37.1% during the 3rd quarter. Invesco Ltd. now owns 9,675,187 shares of the company's stock valued at $265,294,000 after acquiring an additional 2,619,372 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Stock Down 0.8 %

Conagra Brands stock traded down $0.26 during mid-day trading on Friday, reaching $30.59. 4,112,423 shares of the company's stock were exchanged, compared to its average volume of 5,140,211. The company has a market cap of $14.62 billion, a P/E ratio of 15.37, a P/E/G ratio of 3.07 and a beta of 0.38. Conagra Brands, Inc. has a twelve month low of $25.16 and a twelve month high of $38.20. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $29.50 and a 200-day moving average of $28.80.

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

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be issued a $0.35 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.58%. Conagra Brands's payout ratio is 70.35%.

Wall Street Analysts Forecast Growth

CAG has been the subject of several research reports. Stifel Nicolaus upped their price objective on shares of Conagra Brands from $29.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, April 5th. Barclays upped their price objective on shares of Conagra Brands from $31.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price target on shares of 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, Citigroup increased their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $33.14.

Conagra Brands 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.