Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in Conagra Brands, Inc. (NYSE:CAG) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 139,682 shares of the company’s stock after acquiring an additional 1,472 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Conagra Brands were worth $4,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CAG. Lantz Financial LLC purchased a new position in shares of Conagra Brands during the second quarter worth $201,000. Sequoia Financial Advisors LLC grew its position in Conagra Brands by 8.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,286 shares of the company’s stock valued at $349,000 after acquiring an additional 989 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Conagra Brands by 12.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 44,339 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,814 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Conagra Brands by 23.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,895 shares of the company’s stock worth $2,668,000 after purchasing an additional 17,835 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Conagra Brands by 6.1% in the second quarter. Swedbank AB now owns 654,081 shares of the company’s stock valued at $18,589,000 after purchasing an additional 37,753 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAG shares. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their price objective on Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Thursday, October 3rd. Citigroup cut their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Bank of America decreased their price objective on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.50.

Conagra Brands Trading Up 0.4 %

Shares of Conagra Brands stock opened at $28.20 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $28.40 and a 200-day simple moving average of $29.59. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.86 and a beta of 0.31. Conagra Brands, Inc. has a 12-month low of $26.21 and a 12-month high of $33.24.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, equities analysts forecast that Conagra Brands, Inc. will post 2.58 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, January 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.97%. Conagra Brands’s payout ratio is 135.92%.

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.