Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 434,911 shares of the company's stock after buying an additional 137,378 shares during the quarter. Rockefeller Capital Management L.P. owned 0.09% of Conagra Brands worth $12,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Conagra Brands during the fourth quarter valued at $28,000. Riverview Trust Co purchased a new position in shares of Conagra Brands during the fourth quarter worth approximately $29,000. Grove Bank & Trust raised its stake 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 valued at $31,000 after acquiring an additional 447 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Conagra Brands in the fourth quarter valued at approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new position in Conagra Brands in the fourth quarter worth approximately $44,000. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Performance

Shares of Conagra Brands stock traded down $0.01 during midday trading on Monday, hitting $25.33. The company had a trading volume of 367,671 shares, compared to its average volume of 5,110,390. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $26.89.

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

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, April 28th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 5.53%. Conagra Brands's dividend payout ratio (DPR) is presently 205.88%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CAG. Morgan Stanley assumed coverage on Conagra Brands in a report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 target price for the company. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Conagra Brands has a consensus rating of "Hold" and a consensus price target of $27.90.

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.