Conagra Brands, Inc. (NYSE:CAG) Shares Sold by F&V Capital Management LLC

F&V Capital Management LLC lowered its stake in Conagra Brands, Inc. (NYSE:CAG) by 0.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 516,318 shares of the company’s stock after selling 4,909 shares during the quarter. Conagra Brands comprises about 3.6% of F&V Capital Management LLC’s holdings, making the stock its 15th largest position. F&V Capital Management LLC’s holdings in Conagra Brands were worth $13,770,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CAG. Capital Advisors Ltd. LLC grew its stake in Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock valued at $27,000 after purchasing an additional 452 shares in the last quarter. Riverview Trust Co acquired a new stake in Conagra Brands during the 4th quarter valued at approximately $29,000. AdvisorNet Financial Inc lifted its holdings in Conagra Brands by 86.1% during the 1st quarter. AdvisorNet Financial Inc now owns 1,491 shares of the company’s stock worth $40,000 after buying an additional 690 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Conagra Brands during the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new position in Conagra Brands during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the topic of several recent research reports. Barclays cut their price target on Conagra Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Morgan Stanley assumed coverage on Conagra Brands in a research report on Monday, March 24th. They set an “equal weight” rating and a $27.00 price target on the stock. Bank of America cut Conagra Brands from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $27.00 to $20.00 in a research report on Thursday. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their price target on Conagra Brands from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.70.

Conagra Brands Stock Performance

CAG stock opened at $22.29 on Friday. The business’s fifty day moving average is $23.72 and its 200-day moving average is $25.45. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a market cap of $10.64 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.76 and a beta of 0.14. Conagra Brands, Inc. has a twelve month low of $21.81 and a twelve month high of $33.24.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. Equities research analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, April 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 6.28%. Conagra Brands’s dividend payout ratio (DPR) is currently 205.88%.

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.