F&V Capital Management LLC Has $14.46 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

F&V Capital Management LLC boosted its holdings in Conagra Brands, Inc. (NYSE:CAG) by 0.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 521,227 shares of the company’s stock after acquiring an additional 701 shares during the quarter. Conagra Brands accounts for approximately 3.8% of F&V Capital Management LLC’s portfolio, making the stock its 10th largest position. F&V Capital Management LLC’s holdings in Conagra Brands were worth $14,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Conagra Brands by 21,015.0% in the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock valued at $346,495,000 after buying an additional 10,604,367 shares during the period. Two Sigma Advisers LP increased its stake in shares of Conagra Brands by 106.4% in the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock valued at $197,624,000 after acquiring an additional 3,133,200 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Conagra Brands in the 3rd quarter valued at about $65,932,000. State Street Corp raised its position in shares of Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after acquiring an additional 1,691,945 shares during the period. Finally, Ilex Capital Partners UK LLP bought a new position in Conagra Brands during the 3rd quarter worth approximately $46,990,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

CAG opened at $25.48 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.76 and a beta of 0.28. The business’s 50-day moving average price is $26.93 and its two-hundred day moving average price is $29.02. Conagra Brands, Inc. has a 1 year low of $25.06 and a 1 year high of $33.24.

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, beating analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the firm earned $0.71 EPS. Conagra Brands’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts expect that Conagra Brands, Inc. will post 2.46 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Monday, January 27th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Monday, January 27th. Conagra Brands’s payout ratio is 137.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of Conagra Brands from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note 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 note on Friday, December 20th. Finally, Stifel Nicolaus dropped their price target on Conagra Brands from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.33.

Conagra Brands 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.