Robeco Institutional Asset Management B.V. Buys 369,141 Shares of Conagra Brands (NYSE:CAG)

Robeco Institutional Asset Management B.V. boosted its stake in Conagra Brands (NYSE:CAG) by 59.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 991,953 shares of the company’s stock after acquiring an additional 369,141 shares during the period. Robeco Institutional Asset Management B.V. owned 0.21% of Conagra Brands worth $26,455,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CAG. Vanguard Group Inc. boosted its holdings in shares of Conagra Brands by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company’s stock worth $1,631,671,000 after buying an additional 1,132,839 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Conagra Brands by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,745,629 shares of the company’s stock worth $325,096,000 after buying an additional 231,477 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Conagra Brands by 18.5% during the 4th quarter. Invesco Ltd. now owns 11,161,355 shares of the company’s stock worth $309,728,000 after buying an additional 1,745,319 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Conagra Brands by 33.9% in the 4th quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company’s stock worth $225,746,000 after purchasing an additional 2,058,000 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Conagra Brands in the 4th quarter worth $168,877,000. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Stock Down 0.5%

CAG stock opened at $20.39 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.23 and a current ratio of 0.69. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.52 and a beta of 0.14. Conagra Brands has a fifty-two week low of $20.26 and a fifty-two week high of $33.24. The stock has a fifty day moving average of $22.79 and a 200-day moving average of $24.97.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a return on equity of 12.94% and a net margin of 2.80%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, April 28th were paid a $0.35 dividend. The ex-dividend date was Monday, April 28th. This represents a $1.40 annualized dividend and a yield of 6.87%. Conagra Brands’s dividend payout ratio is currently 205.88%.

Analyst Ratings Changes

CAG has been the topic of a number of recent research reports. Bank of America cut Conagra Brands from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $27.00 to $20.00 in a report on Thursday, June 12th. Barclays cut their target price on Conagra Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. UBS Group assumed coverage on Conagra Brands in a research report on Monday, June 16th. They issued a “neutral” rating and a $22.00 price target for the company. Morgan Stanley assumed coverage on Conagra Brands in a research report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Conagra Brands from $27.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and a consensus target price of $25.36.

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.