Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Conagra Brands by 11% during the first quarter, accumulating 874,815 shares valued at approximately $23.3 million. The firm owned about 0.18% of Conagra Brands worth $23,331,000 at the end of the most recent reporting period. Conagra Brands reported earnings per share of $0.56 for the last quarter, missing estimates by $0.05, with a revenue of $2.78 billion, which was down 4.3% year-over-year. The company announced a quarterly dividend of $0.35, reflecting an annualized dividend yield of 7.3% and a payout ratio of 58.58%. A number of other hedge funds and institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its stake by 19.2%, Headlands Technologies LLC by 320.9%, 1834 Investment Advisors Co. by 2.7%, Charles Schwab Investment Management Inc. by 4.3%, and ASR Vermogensbeheer N.V. acquired a new position worth approximately $1,856,000. Institutional investors and hedge funds own 83.75% of the company's stock. UBS Group decreased their price objective on shares of Conagra Brands from $21.00 to $20.00 and set a 'neutral' rating. Royal Bank of Canada decreased their price objective from $25.00 to $22.00 and set a 'sector perform' rating. Stifel Nicolaus cut their target price from $26.00 to $21.00 and set a 'hold' rating. Evercore ISI cut their target price from $26.00 to $24.00 and set an 'in-line' rating. Barclays cut their target price from $29.00 to $26.00 and set an 'overweight' rating. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating, and one has assigned a strong buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of 'Hold' and an average price target of $22.58. Shares of Conagra Brands traded up $0.26 during midday trading on Tuesday, reaching $19.53, with 12,511,575 shares traded compared to its average volume of 11,839,086. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.84, and a beta of 0.08. The company's 50-day simple moving average is $20.29 and its 200-day simple moving average is $23.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.24, and a current ratio of 0.71. The company has a 52-week low of $18.18 and a 52-week high of $33.24. Conagra Brands last released its quarterly earnings results on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by $0.05. The business had revenue of $2,781,800 billion for the quarter, compared to the consensus estimate of $2.88 billion. Conagra Brands had a net margin of 9.92% and a return on equity of 12.52%. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. Equities analysts expect that Conagra Brands will post 2.35 earnings per share for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.2%. Conagra Brands's dividend payout ratio (DPR) is currently 58.58%. 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.

Conagra Brands (NYSE:CAG) Holdings Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Conagra Brands by 11% during the first quarter, owning 874,815 shares valued at $23.3 million, representing 0.18% of the company's equity. Conagra Brands reported earnings per share of $0.56 for the quarter, missing estimates by $0.05, with revenue of $2.78 billion, down 4.3% year-over-year. The company announced a quarterly dividend of $0.35, resulting in an annualized dividend yield of 7.3% and a payout ratio of 58.58%. Several institutional investors adjusted their positions, including Y.D. More Investments Ltd, Headlands Technologies LLC, 1834 Investment Advisors Co., Charles Schwab Investment Management Inc., and ASR Vermogensbeheer N.V. Major analysts reduced price targets and ratings, with a consensus rating of 'Hold' and an average price target of $22.58. Shares traded up to $19.53 on Tuesday, with a market capitalization of $9.35 billion, a P/E ratio of 8.17, and a debt-to-equity ratio of 0.70. The company operates in the U.S. as a consumer packaged goods food business through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments.