Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,911 shares of the company’s stock after purchasing an additional 137,378 shares during the period. Rockefeller Capital Management L.P.’s holdings in Conagra Brands were worth $12,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CAG. Bessemer Group Inc. lifted its holdings in Conagra Brands by 0.6% in the 4th quarter. Bessemer Group Inc. now owns 78,038 shares of the company’s stock worth $2,166,000 after buying an additional 429 shares in the last quarter. Grove Bank & Trust lifted its stake in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after acquiring an additional 447 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in Conagra Brands by 1.3% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company’s stock valued at $1,030,000 after purchasing an additional 500 shares during the last quarter. CIBC Asset Management Inc grew its stake in Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock valued at $2,346,000 after purchasing an additional 501 shares in the last quarter. Finally, Xponance Inc. increased its holdings in Conagra Brands by 0.8% during the 4th quarter. Xponance Inc. now owns 65,680 shares of the company’s stock worth $1,823,000 after purchasing an additional 505 shares during the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley initiated coverage on Conagra Brands in a research note on Monday, March 24th. They set an “equal weight” rating and a $27.00 target price for the company. Stifel Nicolaus decreased their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Bank of America reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.90.

Conagra Brands Stock Down 2.3 %

NYSE:CAG opened at $25.59 on Wednesday. The firm has a market capitalization of $12.21 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $25.74 and a 200-day moving average of $27.05.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Conagra Brands’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Monday, April 28th. Conagra Brands’s payout ratio is 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.