F&V Capital Management LLC Has $14.46 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

F&V Capital Management LLC boosted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 521,227 shares of the company’s stock after acquiring an additional 701 shares during the quarter. Conagra Brands makes up approximately 3.8% of F&V Capital Management LLC’s portfolio, making the stock its 10th largest holding. F&V Capital Management LLC owned 0.11% of Conagra Brands worth $14,464,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CAG. State Street Corp raised its stake in shares of Conagra Brands by 7.4% in the 3rd 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 in the last quarter. Nordea Investment Management AB boosted its position in Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after purchasing an additional 618,096 shares during the period. Geode Capital Management LLC grew its holdings in Conagra Brands by 1.7% during the third quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company’s stock valued at $373,180,000 after purchasing an additional 196,100 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of 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 purchasing an additional 10,604,367 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Conagra Brands by 2.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company’s stock worth $204,571,000 after buying an additional 122,590 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Price Performance

Shares of CAG stock opened at $25.48 on Tuesday. The company has a market capitalization of $12.16 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.76 and a beta of 0.28. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12 month low of $25.06 and a 12 month high of $33.24. The stock has a 50 day moving average of $26.93 and a two-hundred day moving average of $29.02.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. Conagra Brands’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. As a group, equities analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) is presently 137.26%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America lowered their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company lowered their price target on Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price objective on Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Finally, Barclays cut their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.33.

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.