Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lowered its position in Conagra Brands, Inc. (NYSE:CAG) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,369 shares of the company’s stock after selling 490 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Conagra Brands were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC increased its stake in Conagra Brands by 84.8% during the 4th quarter. Metis Global Partners LLC now owns 28,279 shares of the company’s stock valued at $785,000 after buying an additional 12,977 shares during the period. US Bancorp DE boosted its position in shares of Conagra Brands by 0.4% in the 4th quarter. US Bancorp DE now owns 212,694 shares of the company’s stock valued at $5,902,000 after purchasing an additional 896 shares during the period. Argyle Capital Management LLC raised its holdings in Conagra Brands by 16.7% during the 4th quarter. Argyle Capital Management LLC now owns 30,745 shares of the company’s stock worth $853,000 after buying an additional 4,400 shares during the period. Versor Investments LP purchased a new stake in Conagra Brands during the fourth quarter valued at about $377,000. Finally, Proficio Capital Partners LLC purchased a new stake in Conagra Brands during the fourth quarter valued at about $2,035,000. Institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

CAG has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup lowered their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Bank of America decreased their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Stifel Nicolaus dropped their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.33.

Conagra Brands Price Performance

NYSE:CAG opened at $27.25 on Monday. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.76 and a beta of 0.18. The company has a 50-day moving average of $25.82 and a 200-day moving average of $28.19.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, equities research analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Monday, January 27th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands’s payout ratio is presently 137.25%.

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.