Natixis Advisors LLC Has $2.96 Million Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Natixis Advisors LLC lessened its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,995 shares of the company’s stock after selling 1,490 shares during the period. Natixis Advisors LLC’s holdings in Conagra Brands were worth $2,959,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Conagra Brands during the 2nd quarter valued at about $25,000. Chilton Capital Management LLC bought a new position in shares of Conagra Brands during the 2nd quarter worth approximately $25,000. Hexagon Capital Partners LLC grew its position in shares of Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after buying an additional 420 shares during the period. LRI Investments LLC bought a new stake in shares of Conagra Brands in the 1st quarter valued at $42,000. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Conagra Brands during the 3rd quarter valued at $47,000. Institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAG shares. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group began coverage on Conagra Brands in a report on Monday, August 12th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Bank of America decreased their price target on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Price Performance

Shares of Conagra Brands stock opened at $27.42 on Monday. The company’s fifty day simple moving average is $29.67 and its two-hundred day simple moving average is $29.90. Conagra Brands, Inc. has a 12-month low of $26.21 and a 12-month high of $33.24. The firm has a market cap of $13.09 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.80 and a beta of 0.34. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts expect that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands’s payout ratio is 135.92%.

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.