Voya Investment Management LLC Has $8.15 Million Holdings in Conagra Brands $CAG

Voya Investment Management LLC raised its holdings in Conagra Brands (NYSE:CAG) by 112.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,596 shares of the company’s stock after acquiring an additional 161,921 shares during the period. Voya Investment Management LLC owned about 0.06% of Conagra Brands worth $8,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAG. Inspire Investing LLC increased its position in Conagra Brands by 6.3% during the 1st quarter. Inspire Investing LLC now owns 54,092 shares of the company’s stock worth $1,443,000 after purchasing an additional 3,209 shares in the last quarter. WBI Investments LLC increased its holdings in shares of Conagra Brands by 9.1% during the first quarter. WBI Investments LLC now owns 113,135 shares of the company’s stock worth $3,017,000 after buying an additional 9,419 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Conagra Brands by 50.6% in the 1st quarter. Intech Investment Management LLC now owns 140,485 shares of the company’s stock valued at $3,747,000 after acquiring an additional 47,186 shares during the last quarter. Bayforest Capital Ltd lifted its stake in shares of Conagra Brands by 217.7% in the 1st quarter. Bayforest Capital Ltd now owns 13,327 shares of the company’s stock valued at $355,000 after acquiring an additional 9,132 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Conagra Brands by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,622,873 shares of the company’s stock valued at $96,622,000 after acquiring an additional 41,886 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the subject of several research reports. Stifel Nicolaus dropped their target price on Conagra Brands from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, July 11th. UBS Group dropped their price objective on shares of Conagra Brands from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Wells Fargo & Company cut their target price on shares of Conagra Brands from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 9th. Sanford C. Bernstein set a $21.00 price target on shares of Conagra Brands and gave the company a “market perform” rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group downgraded shares of Conagra Brands from a “neutral” rating to a “sell” rating and dropped their price target for the company from $26.00 to $21.00 in a research note on Monday, June 9th. 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.17.

Conagra Brands Stock Down 0.2%

Shares of NYSE:CAG opened at $18.90 on Thursday. Conagra Brands has a 1 year low of $18.18 and a 1 year high of $33.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.24. The business’s 50-day moving average is $19.14 and its 200-day moving average is $22.23. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.81 and a beta of 0.07.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, July 10th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.05). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.88 billion. Conagra Brands had a net margin of 9.92% and a return on equity of 12.52%. Conagra Brands’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Equities research analysts predict that Conagra Brands will post 2.35 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, July 30th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 30th. This represents a $1.40 annualized dividend and a dividend yield of 7.4%. Conagra Brands’s dividend payout ratio is currently 58.58%.

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.