Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in Conagra Brands, Inc. (NYSE:CAG) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,526 shares of the company’s stock after selling 1,470 shares during the quarter. Amalgamated Bank’s holdings in Conagra Brands were worth $2,568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management boosted its stake in shares of Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock valued at $11,085,000 after purchasing an additional 62,187 shares during the period. Integrated Wealth Concepts LLC boosted its position in Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock valued at $1,196,000 after buying an additional 19,329 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Conagra Brands by 41.0% in the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock worth $2,175,000 after acquiring an additional 22,790 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after acquiring an additional 618,096 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of Conagra Brands in the third quarter valued at $1,020,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CAG shares. Stifel Nicolaus lowered their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company lowered their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Barclays cut their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.67.

Conagra Brands Price Performance

Shares of NYSE:CAG opened at $25.54 on Friday. The company’s fifty day moving average price is $25.98 and its 200 day moving average price is $28.37. The firm has a market capitalization of $12.19 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.76 and a beta of 0.28. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion for 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 company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. As a group, sell-side analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Monday, January 27th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Monday, January 27th. Conagra Brands’s dividend payout ratio (DPR) 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.