PNC Financial Services Group Inc. reduced its stake in Conagra Brands by 8.1%, selling 13,470 shares, and now holds 153,008 shares valued at approximately $4.08 million. Conagra Brands experienced a 4.3% year-over-year revenue decline in the latest quarter, reporting an EPS of $0.56, below the consensus estimate of $0.61. The company declared a quarterly dividend of $0.35 per share, translating to a 7.3% dividend yield, with the payout ratio currently at 58.58%. A number of other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. increased its position in Conagra Brands by 18.5% during the 4th quarter. Invesco Ltd. now owns 11,161,355 shares of the company's stock worth $309,728,000 after purchasing an additional 1,745,319 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Conagra Brands by 33.9% during the 4th quarter. Two Sigma Advisers LP now owns 8,135,000 shares of the company's stock valued at $225,746,000 after acquiring an additional 2,058,000 shares in the last quarter. Deutsche Bank AG boosted its position in Conagra Brands by 51.6% during the 4th quarter. Deutsche Bank AG now owns 5,664,293 shares of the company's stock worth $157,184,000 after purchasing an additional 1,928,883 shares during the period. Dimensional Fund Advisors LP increased its holdings in Conagra Brands by 22.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,459,844 shares of the company's stock valued at $151,503,000 after purchasing an additional 1,002,585 shares in the last quarter. Finally, Northern Trust Corp raised its position in Conagra Brands by 15.5% in the fourth quarter. Northern Trust Corp now owns 5,149,100 shares of the company's stock valued at $142,888,000 after purchasing an additional 692,282 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets CAG has been the topic of several analyst reports. Bank of America downgraded Conagra Brands from a 'neutral' rating to an 'underperform' rating and dropped their target price for the company from $27.00 to $20.00 in a report on Thursday, June 12th. Royal Bank Of Canada decreased their target price on shares of Conagra Brands from $25.00 to $22.00 and set a 'sector perform' rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $26.00 to $25.00 and set a 'neutral' rating for the company in a report on Tuesday, May 6th. Barclays decreased their price objective on shares of Conagra Brands from $29.00 to $26.00 and set an 'overweight' rating for the company in a research report on Monday, May 12th. Finally, Morgan Stanley dropped their target price on Conagra Brands from $22.00 to $20.00 and set an 'equal weight' rating on the stock in a research report on Friday, July 11th. 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 to the company. According to MarketBeat.com, the stock has a consensus rating of 'Hold' and an average price target of $22.58. Conagra Brands Price Performance traded down $0.03 during trading hours on Monday, hitting $19.22. 6,137,366 shares of the company traded hands, compared to its average volume of 7,644,094. Conagra Brands has a 1-year low of $18.18 and a 1-year high of $33.24. The firm has a market cap of $9.20 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.84 and a beta of 0.08. The firm's 50-day simple moving average is $20.42 and its two-hundred day simple moving average is $23.38. 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 ( - ) last posted its quarterly earnings data 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 return on equity of 12.52% and a net margin of 9.92%. The firm had revenue of $2,781,800 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was down 4.3% on a year-over-year basis. As a group, analysts forecast that Conagra Brands will post 2.35 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, August 28th. Investors of record on Wednesday, July 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Wednesday, July 30th. Conagra Brands's dividend payout ratio (DPR) is presently 58.58%. 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.

PNC Financial Services Group Inc. Has $4.08 Million Stock Position in Conagra Brands (NYSE:CAG)

PNC Financial Services Group Inc. reduced its stake in Conagra Brands by 8.1%, selling 13,470 shares and now holding 153,008 shares valued at $4.08 million. Conagra Brands reported a 4.3% year-over-year revenue decline and an EPS of $0.56, below the $0.61 consensus estimate. The company announced a quarterly dividend of $0.35 per share, resulting in a 7.3% yield and a payout ratio of 58.58%. Several institutional investors, including Invesco Ltd., Two Sigma Advisers LP, Deutsche Bank AG, Dimensional Fund Advisors LP, and Northern Trust Corp, adjusted their positions in the stock during the fourth quarter. Analysts have downgraded Conagra Brands, with Bank of America, JPMorgan Chase & Co., and Morgan Stanley lowering price targets and ratings. The company has a market cap of $9.20 billion, a P/E ratio of 8.04, and a 1-year price range of $18.18 to $33.24. The stock traded down to $19.22 on Monday, with a 6.137 million share volume. Conagra Brands operates primarily in the U.S. through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments.