LSV Asset Management Has $199.08 Million Stake in Conagra Brands, Inc. (NYSE:CAG)

LSV Asset Management trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,174,211 shares of the company’s stock after selling 57,182 shares during the period. LSV Asset Management’s holdings in Conagra Brands were worth $199,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Conagra Brands in the 4th quarter valued at $28,000. Riverview Trust Co bought a new position in Conagra Brands in the 4th quarter valued at $29,000. Grove Bank & Trust boosted its position in Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after buying an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Conagra Brands in the 4th quarter valued at $41,000. Finally, Stonebridge Financial Group LLC bought a new position in Conagra Brands in the 4th quarter valued at $44,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CAG shares. Citigroup reduced their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price target on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus reduced their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. dropped their price objective on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Conagra Brands currently has an average rating of “Hold” and a consensus target price of $27.90.

Conagra Brands Price Performance

CAG stock opened at $25.73 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The stock has a market capitalization of $12.28 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The company’s 50-day moving average is $25.69 and its 200-day moving average is $27.23.

Conagra Brands (NYSE:CAG) last posted 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 firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Equities research analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 annualized dividend and a dividend yield of 5.44%. Conagra Brands’s payout ratio is currently 205.88%.

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.