Quantinno Capital Management LP Grows Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Quantinno Capital Management LP boosted its stake in Conagra Brands, Inc. (NYSE:CAG) by 171.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 315,422 shares of the company’s stock after acquiring an additional 199,119 shares during the period. Quantinno Capital Management LP owned about 0.07% of Conagra Brands worth $10,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAG. Mather Group LLC. lifted its position in Conagra Brands by 35.0% in the second quarter. Mather Group LLC. now owns 3,071 shares of the company’s stock valued at $91,000 after acquiring an additional 796 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in Conagra Brands by 8.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 7,382 shares of the company’s stock valued at $210,000 after acquiring an additional 582 shares during the last quarter. CWM LLC lifted its position in Conagra Brands by 1.6% in the second quarter. CWM LLC now owns 86,863 shares of the company’s stock valued at $2,469,000 after acquiring an additional 1,406 shares during the last quarter. Lantz Financial LLC purchased a new stake in Conagra Brands in the second quarter valued at $201,000. Finally, Simplicity Wealth LLC lifted its position in Conagra Brands by 13.5% in the second quarter. Simplicity Wealth LLC now owns 35,421 shares of the company’s stock valued at $1,007,000 after acquiring an additional 4,223 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Up 1.8 %

Shares of Conagra Brands stock opened at $27.81 on Friday. Conagra Brands, Inc. has a 52-week low of $26.21 and a 52-week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The company’s 50-day simple moving average is $28.89 and its 200-day simple moving average is $29.72. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.31.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 5.03%. Conagra Brands’s payout ratio is currently 135.92%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAG. Wells Fargo & Company lifted their price objective on shares of Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group began coverage on shares of Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 price objective on the stock. Bank of America dropped their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, October 3rd. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.63.

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.