Russell Investments Group Ltd. Has $44.27 Million Position in Conagra Brands, Inc. (NYSE:CAG)

Russell Investments Group Ltd. lessened its position in Conagra Brands, Inc. (NYSE:CAG) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,544,598 shares of the company’s stock after selling 415,655 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Conagra Brands worth $44,266,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC acquired a new stake in Conagra Brands in the 4th quarter valued at $26,000. Thompson Investment Management Inc. increased its stake in shares of Conagra Brands by 100.0% during the 3rd quarter. Thompson Investment Management Inc. now owns 1,000 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Conagra Brands in the third quarter valued at approximately $33,000. Parkside Financial Bank & Trust boosted its stake in shares of Conagra Brands by 48.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after acquiring an additional 454 shares during the period. Finally, Peoples Bank KS acquired a new position in shares of Conagra Brands during the 3rd quarter worth approximately $47,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Down 0.5 %

NYSE CAG opened at $30.94 on Tuesday. The business has a fifty day moving average price of $29.31 and a two-hundred day moving average price of $28.72. The stock has a market capitalization of $14.79 billion, a PE ratio of 15.55, a PEG ratio of 3.12 and a beta of 0.41. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $38.73. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. Equities analysts expect that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Monday, April 29th. Conagra Brands’s dividend payout ratio (DPR) is currently 70.35%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CAG. Stifel Nicolaus raised their price target on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Wells Fargo & Company raised their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Citigroup upped their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Royal Bank of Canada lowered their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 3rd. Finally, Barclays boosted their price objective on Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.14.

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.