Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Access Financial Services Inc.

Access Financial Services Inc. decreased its holdings in Conagra Brands, Inc. (NYSE:CAG) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,538 shares of the company’s stock after selling 1,678 shares during the quarter. Access Financial Services Inc.’s holdings in Conagra Brands were worth $320,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its position in Conagra Brands by 21,015.0% in the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after acquiring an additional 10,604,367 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Conagra Brands by 106.4% in the third quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock worth $197,624,000 after purchasing an additional 3,133,200 shares during the period. Marshall Wace LLP boosted its holdings in Conagra Brands by 1,362.6% in the second quarter. Marshall Wace LLP now owns 2,406,743 shares of the company’s stock worth $68,400,000 after purchasing an additional 2,242,186 shares during the period. Holocene Advisors LP acquired a new position in shares of Conagra Brands during the third quarter valued at $65,932,000. Finally, State Street Corp boosted its holdings in shares of Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after acquiring an additional 1,691,945 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Price Performance

Conagra Brands stock opened at $25.83 on Monday. The stock has a market capitalization of $12.33 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.29. Conagra Brands, Inc. has a 52 week low of $25.35 and a 52 week high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The stock has a fifty day moving average of $27.25 and a 200-day moving average of $29.25.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts expect that Conagra Brands, Inc. will post 2.46 earnings per share 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 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio is presently 137.26%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Bank of America cut their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. lowered their price target on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.56.

Conagra Brands Company 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.