AIA Group Ltd significantly increased its stake in Conagra Brands by 1,004.3%, owning 156,782 shares valued at approximately $4.18 million following the purchase of an additional 142,585 shares. Conagra Brands recently reported earnings per share of $0.56, missing analysts' expectations and showing a 4.3% revenue decline compared to the previous year. The company's dividend yield is 7.3%, with a quarterly dividend of $0.35 being paid to investors, reflecting a solid payout ratio of 58.58%. Other large investors have also modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Conagra Brands during the 1st quarter worth $26,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Conagra Brands during the 1st quarter worth $27,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Conagra Brands by 82.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock worth $27,000 after buying an additional 452 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Conagra Brands by 235.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock worth $28,000 after buying an additional 741 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Conagra Brands during the 1st quarter worth $34,000. 83.75% of the stock is owned by institutional investors. Several analysts recently issued reports on the stock. Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the stock a 'market perform' rating in a report on Friday, July 11th. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group downgraded shares of Conagra Brands from a 'neutral' rating to a 'sell' rating and reduced their price target for the company from $26.00 to $21.00 in a report on Monday, June 9th. Morgan Stanley reduced their price target on shares of Conagra Brands from $22.00 to $20.00 and set an 'equal weight' rating for the company in a report on Friday, July 11th. Finally, Royal Bank of Canada reduced their price target on shares of Conagra Brands from $25.00 to $22.00 and set a 'sector perform' rating for the company in a report on Friday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Conagra Brands has an average rating of 'Hold' and an average target price of $22.58. Shares of Conagra Brands traded up $0.26 during mid-day trading on Tuesday, reaching $19.53. 12,511,575 shares of the stock were exchanged, 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 has a current ratio of 0.71, a quick ratio of 0.24 and a debt-to-equity ratio of 0.70. The firm has a 50-day simple moving average of $20.29 and a 200 day simple moving average of $23.31. Conagra Brands has a fifty-two week low of $18.18 and a fifty-two week high of $33.24. Conagra Brands last posted its quarterly earnings data on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). The company had revenue of $2,781,800 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%. The company's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, sell-side analysts predict that Conagra Brands will post 2.35 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, July 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Wednesday, July 30th. Conagra Brands's dividend payout ratio (DPR) is 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.

AIA Group Ltd Acquires 142,585 Shares of Conagra Brands (NYSE:CAG)

AIA Group Ltd significantly increased its stake in Conagra Brands by 1,004.3%, acquiring 142,585 additional shares and now owning 156,782 shares valued at approximately $4.18 million. Conagra Brands reported quarterly earnings per share of $0.56, missing analyst expectations and recording a 4.3% revenue decline year-over-year. The company maintains a 7.3% dividend yield with a $0.35 quarterly dividend, resulting in a 58.58% payout ratio. Several institutional investors adjusted their holdings during the first quarter, including Alpine Bank Wealth Management, MJT & Associates Financial Advisory Group Inc., Capital Advisors Ltd. LLC, Golden State Wealth Management LLC, and Wayfinding Financial LLC. Analysts from Sanford C. Bernstein, JPMorgan Chase & Co., Goldman Sachs Group, Morgan Stanley, and Royal Bank of Canada issued various ratings and price targets, with a consensus average rating of 'Hold' and an average target price of $22.58. Shares traded up to $19.53 on Tuesday, with a market capitalization of $9.35 billion, a price-to-earnings ratio of 8.17, and a current ratio of 0.71. The company operates primarily in the United States through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments.