Nissay Asset Management Corp Japan ADV Buys 545 Shares of Conagra Brands, Inc. (NYSE:CAG)

Nissay Asset Management Corp Japan ADV increased its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,676 shares of the company’s stock after purchasing an additional 545 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Conagra Brands were worth $1,651,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Conagra Brands during the 4th quarter valued at $28,000. Riverview Trust Co purchased a new position in Conagra Brands during the 4th quarter valued at $29,000. Grove Bank & Trust boosted its holdings in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after acquiring an additional 447 shares during the period. SBI Securities Co. Ltd. purchased a new position in Conagra Brands during the 4th quarter valued at $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands during the 4th quarter valued at $44,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Price Performance

Shares of CAG stock opened at $22.97 on Friday. 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 market capitalization of $10.96 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a twelve month low of $22.38 and a twelve month high of $33.24. The stock has a fifty day simple moving average of $25.07 and a two-hundred day simple moving average of $26.12.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. On average, analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors 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 dividend yield of 6.10%. The ex-dividend date of this dividend is Monday, April 28th. Conagra Brands’s dividend payout ratio (DPR) is currently 205.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Barclays dropped their price objective on Conagra Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Morgan Stanley initiated coverage on Conagra Brands in a report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 target price for the company. Finally, The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and an average target price of $27.50.

About Conagra Brands

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.