Venture Visionary Partners LLC Trims Position in Conagra Brands $CAG

Venture Visionary Partners LLC decreased its position in shares of Conagra Brands (NYSE:CAG) by 31.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 23,282 shares of the company’s stock after selling 10,733 shares during the period. Venture Visionary Partners LLC’s holdings in Conagra Brands were worth $621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CAG. Dimensional Fund Advisors LP lifted its stake in shares of Conagra Brands by 49.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company’s stock valued at $217,686,000 after buying an additional 2,702,407 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Conagra Brands by 33.9% during the fourth quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company’s stock valued at $225,746,000 after buying an additional 2,058,000 shares during the period. Deutsche Bank AG lifted its stake in shares of Conagra Brands by 51.6% during the fourth quarter. Deutsche Bank AG now owns 5,664,293 shares of the company’s stock valued at $157,184,000 after buying an additional 1,928,883 shares during the period. KBC Group NV lifted its stake in shares of Conagra Brands by 560.1% during the first quarter. KBC Group NV now owns 2,042,766 shares of the company’s stock valued at $54,480,000 after buying an additional 1,733,297 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Conagra Brands by 2.7% during the first quarter. Vanguard Group Inc. now owns 60,403,845 shares of the company’s stock valued at $1,610,971,000 after buying an additional 1,604,893 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $19.2450 on Thursday. The company’s fifty day simple moving average is $19.92 and its 200-day simple moving average is $23.05. Conagra Brands has a 52 week low of $18.18 and a 52 week high of $33.24. The company has a current ratio of 0.71, a quick ratio of 0.24 and a debt-to-equity ratio of 0.70. The company has a market cap of $9.21 billion, a PE ratio of 8.05, a P/E/G ratio of 1.85 and a beta of 0.08.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, July 10th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.05). Conagra Brands had a net margin of 9.92% and a return on equity of 12.52%. The business had revenue of $2,781,800 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the business posted $0.61 EPS. The business’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, July 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 30th. Conagra Brands’s dividend payout ratio (DPR) is currently 58.58%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CAG shares. Bank of America downgraded shares of Conagra Brands from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $27.00 to $20.00 in a research note on Thursday, June 12th. Sanford C. Bernstein set a $21.00 price target on shares of Conagra Brands and gave the stock a “market perform” rating in a research note on Friday, July 11th. UBS Group cut their price target on shares of Conagra Brands from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “neutral” rating to a “sell” rating and cut their price target for the stock from $26.00 to $21.00 in a research note on Monday, June 9th. Finally, Royal Bank Of Canada cut their price target on shares of Conagra Brands from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and an average target price of $22.17.

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.