LSV Asset Management Sells 554,820 Shares of Conagra Brands (NYSE:CAG)\n\nMultiple hedge funds recently made changes to their positions in Conagra Brands (CAG). LSV Asset Management reduced its stake in Conagra Brands by 7.7% during the first quarter, according to its most recent SEC filing. The firm sold 554,820 shares and now owns 6,619,391 shares, valued at approximately $176.5 million.\n\nMassachusetts Financial Services Co. bought a new position in Conagra Brands in the fourth quarter valued at approximately $110.7 million. Two Sigma Advisers LP increased its stake in Conagra Brands by 33.9% during the fourth quarter, now owning 8,135,000 shares valued at $225.7 million.\n\nDeutsche Bank AG increased its stake in Conagra Brands by 51.6% during the fourth quarter. The firm now owns 5,664,293 shares valued at $157.2 million.\n\nInvesco Ltd. increased its stake in Conagra Brands by 18.5% during the fourth quarter. Invesco Ltd. now owns 11,161,355 shares valued at $309.7 million.\n\nUBS Group decreased its target price on shares of Conagra Brands from $21.0 to $20.0 and set a 'neutral' rating on the stock in a research note.\n\nConagra Brands Stock Performance\n\nConagra Brands stock opened at $18.52 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.71, and a debt-to-equity ratio of 0.70. Conagra Brands has a twelve-month low of $18.18 and a twelve-month high of $33.24. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 1.75, and a beta of 0.11. The fifty-day moving average is $20.79, and the 200-day moving average is $23.64.\n\nConagra Brands last released its earnings results on Thursday, July 10th, reporting $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61. Analysts forecast $2.35 EPS for the current year.\n\nConagra Brands Announces Dividend\n\nConagra Brands announced a quarterly dividend to be paid on Thursday, August 28th. Investors of record on Wednesday, July 30th will receive a $0.35 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $1.40 annualized dividend and a yield of 7.6%. Conagra Brands's payout ratio is currently 58.58%.

LSV Asset Management Sells 554,820 Shares of Conagra Brands (NYSE:CAG)

LSV Asset Management reduced its stake in Conagra Brands (CAG) by 7.7% in Q1, selling 554,820 shares. Massachusetts Financial Services Co., Two Sigma Advisers LP, Deutsche Bank AG, and Invesco Ltd. increased their stakes in the company. UBS Group lowered its target price and rating for Conagra Brands. The company reported Q2 earnings below estimates and announced a quarterly dividend.