Conagra Brands, Inc. (NYSE:CAG) Stock Position Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,235,136 shares of the company's stock after selling 1,865,039 shares during the period. Price T Rowe Associates Inc. MD owned 2.77% of Conagra Brands worth $367,276,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Conagra Brands in the 4th quarter valued at about $28,000. Riverview Trust Co purchased a new stake in shares of Conagra Brands during the fourth quarter worth approximately $29,000. Grove Bank & Trust lifted its holdings 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 during the period. SBI Securities Co. Ltd. acquired a new position in Conagra Brands in the 4th quarter valued at $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands during the 4th quarter worth $44,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Conagra Brands from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, April 7th. Stifel Nicolaus cut their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company lowered their price target on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group lowered Conagra Brands from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.90.

Conagra Brands Trading Down 1.4 %

Conagra Brands stock traded down $0.34 during trading on Thursday, hitting $24.37. The company's stock had a trading volume of 1,175,639 shares, compared to its average volume of 5,125,246. The stock's fifty day moving average is $25.75 and its 200 day moving average is $26.68. 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 1-year low of $23.06 and a 1-year high of $33.24. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.76 and a beta of 0.27.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the firm earned $0.69 earnings per share. The company's quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands's dividend payout ratio is presently 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.