Nisa Investment Advisors LLC Has $4.33 Million Position in Conagra Brands, Inc. (NYSE:CAG)

Nisa Investment Advisors LLC cut its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 155,906 shares of the company’s stock after selling 12,388 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Conagra Brands were worth $4,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAG. Public Sector Pension Investment Board lifted its stake in shares of Conagra Brands by 65.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 18,000 shares of the company’s stock valued at $512,000 after purchasing an additional 7,143 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Conagra Brands by 60.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 91,558 shares of the company’s stock valued at $2,602,000 after purchasing an additional 34,488 shares during the period. AXA S.A. lifted its stake in shares of Conagra Brands by 124.7% in the 2nd quarter. AXA S.A. now owns 374,235 shares of the company’s stock valued at $10,636,000 after purchasing an additional 207,687 shares during the period. MBB Public Markets I LLC acquired a new position in shares of Conagra Brands in the 2nd quarter valued at about $1,003,000. Finally, Creative Planning lifted its stake in shares of Conagra Brands by 3.3% in the 2nd quarter. Creative Planning now owns 155,574 shares of the company’s stock valued at $4,421,000 after purchasing an additional 4,914 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America 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 Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. Citigroup decreased their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Stifel Nicolaus decreased their target price on Conagra Brands from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Friday. Finally, BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.

Conagra Brands Stock Performance

Shares of CAG opened at $25.75 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The stock has a 50 day moving average price of $27.06 and a two-hundred day moving average price of $29.15. The firm has a market capitalization of $12.29 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.72 and a beta of 0.29. Conagra Brands, Inc. has a 52 week low of $25.06 and a 52 week high of $33.24.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.15 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Equities analysts forecast that Conagra Brands, Inc. will post 2.46 earnings per share 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. Stockholders of record on Monday, January 27th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Monday, January 27th. Conagra Brands’s dividend payout ratio is presently 137.26%.

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.