Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in Conagra Brands, Inc. (NYSE:CAG) by 43.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 61,049 shares of the company’s stock after selling 46,956 shares during the period. Xponance Inc.’s holdings in Conagra Brands were worth $1,750,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co grew its position in Conagra Brands by 132.8% in the third quarter. Riverview Trust Co now owns 945 shares of the company’s stock worth $26,000 after acquiring an additional 539 shares during the period. Thompson Investment Management Inc. boosted its position in shares of Conagra Brands by 100.0% during the third quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in shares of Conagra Brands during the third quarter worth $33,000. Ronald Blue Trust Inc. boosted its position in shares of Conagra Brands by 134.5% during the third quarter. Ronald Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $41,000 after buying an additional 857 shares during the period. Finally, Peoples Bank KS purchased a new position in shares of Conagra Brands during the third quarter worth $47,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, April 5th. Citigroup raised their price target on Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Stifel Nicolaus raised their price target on Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Royal Bank of Canada decreased their target price on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, January 3rd. Finally, Barclays lifted their target price on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.14.

Conagra Brands Stock Performance

NYSE CAG opened at $31.27 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. Conagra Brands, Inc. has a 52-week low of $25.16 and a 52-week high of $38.73. The business’s 50-day moving average price is $28.98 and its 200 day moving average price is $28.61. The firm has a market cap of $14.95 billion, a P/E ratio of 15.71, a P/E/G ratio of 3.12 and a beta of 0.42.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Conagra Brands, Inc. will post 2.62 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Monday, April 29th. Conagra Brands’s dividend payout ratio is presently 70.35%.

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.