XTX Topco Ltd Lowers Holdings in Conagra Brands, Inc. (NYSE:CAG)

XTX Topco Ltd decreased its holdings in Conagra Brands, Inc. (NYSE:CAG) by 50.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,196 shares of the company’s stock after selling 33,248 shares during the quarter. XTX Topco Ltd’s holdings in Conagra Brands were worth $1,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CAG. Lantz Financial LLC purchased a new position in shares of Conagra Brands in the second quarter valued at approximately $201,000. Czech National Bank boosted its stake in shares of Conagra Brands by 8.3% in the second quarter. Czech National Bank now owns 91,099 shares of the company’s stock valued at $2,589,000 after purchasing an additional 6,994 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Conagra Brands by 8.8% in the second quarter. Sequoia Financial Advisors LLC now owns 12,286 shares of the company’s stock valued at $349,000 after acquiring an additional 989 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Conagra Brands by 12.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 44,339 shares of the company’s stock valued at $1,260,000 after acquiring an additional 4,814 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Conagra Brands by 7.3% in the second quarter. V Square Quantitative Management LLC now owns 13,771 shares of the company’s stock valued at $391,000 after acquiring an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CAG shares. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. The Goldman Sachs Group initiated coverage on shares of 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 cut their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Conagra Brands currently has an average rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Stock Up 1.8 %

Shares of NYSE:CAG opened at $27.72 on Tuesday. The company has a market capitalization of $13.23 billion, a PE ratio of 26.91, a P/E/G ratio of 2.80 and a beta of 0.31. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86. Conagra Brands, Inc. has a twelve month low of $26.21 and a twelve month high of $33.24. The firm has a 50 day simple moving average of $28.59 and a 200-day simple moving average of $29.65.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The company 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 posted $0.66 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, October 31st were given a $0.35 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 5.05%. Conagra Brands’s dividend payout ratio (DPR) is 135.92%.

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.