Conagra Brands, Inc. (NYSE:CAG) Position Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 60.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,374 shares of the company's stock after acquiring an additional 26,774 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Conagra Brands were worth $2,046,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Naples Money Management LLC purchased a new stake in Conagra Brands during the fourth quarter worth $26,000. First United Bank & Trust purchased a new position in Conagra Brands during the 4th quarter valued at about $26,000. Authentikos Wealth Advisory LLC acquired a new position in Conagra Brands during the third quarter worth about $33,000. Advantage Trust Co purchased a new stake in shares of Conagra Brands in the fourth quarter valued at about $34,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Conagra Brands by 48.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company's stock valued at $40,000 after purchasing an additional 454 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Trading Down 0.8 %

Conagra Brands stock traded down $0.26 during trading on Friday, reaching $30.73. The company had a trading volume of 7,971,305 shares, compared to its average volume of 4,899,079. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $36.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The stock's 50 day moving average price is $30.01 and its two-hundred day moving average price is $29.01. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 3.05 and a beta of 0.38.

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 (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the previous year, the company earned $0.76 EPS. The business's quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts expect that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

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. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.40 annualized dividend and a yield of 4.56%. Conagra Brands's dividend payout ratio is currently 70.35%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAG. Stifel Nicolaus lifted their price objective on Conagra Brands from $29.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, April 5th. Barclays increased their price objective on 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 boosted their target price 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 raised their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $33.14.

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.