Deprince Race & Zollo Inc. Purchases 103,915 Shares of Conagra Brands Inc (CAG)

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Deprince Race & Zollo Inc. grew its position in shares of Conagra Brands Inc (NYSE:CAG) by 13.9% during the first quarter, Holdings Channel reports. The institutional investor owned 850,911 shares of the company’s stock after purchasing an additional 103,915 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Conagra Brands were worth $23,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new stake in Conagra Brands during the 4th quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new stake in Conagra Brands during the 4th quarter worth about $26,000. 1832 Asset Management L.P. purchased a new stake in Conagra Brands during the 4th quarter worth about $28,000. Kaizen Advisory LLC lifted its holdings in Conagra Brands by 47.3% during the 4th quarter. Kaizen Advisory LLC now owns 1,380 shares of the company’s stock worth $29,000 after purchasing an additional 443 shares in the last quarter. Finally, Timber Creek Capital Management LLC lifted its holdings in Conagra Brands by 143.1% during the 4th quarter. Timber Creek Capital Management LLC now owns 1,580 shares of the company’s stock worth $33,000 after purchasing an additional 930 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Conagra Brands stock traded up $0.14 during trading on Thursday, hitting $30.26. 56,818 shares of the stock traded hands, compared to its average volume of 8,225,271. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $14.61 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77. Conagra Brands Inc has a 52 week low of $20.22 and a 52 week high of $39.43.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.75 billion. Conagra Brands had a return on equity of 16.40% and a net margin of 6.99%. The company’s revenue was up 35.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. As a group, analysts predict that Conagra Brands Inc will post 2.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.85 annualized dividend and a dividend yield of 2.81%. Conagra Brands’s dividend payout ratio (DPR) is presently 40.28%.

A number of brokerages recently issued reports on CAG. Credit Suisse Group increased their price objective on Conagra Brands from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Bank of America reissued a “buy” rating and set a $30.00 price objective on shares of Conagra Brands in a report on Thursday, April 11th. ValuEngine raised Conagra Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Zacks Investment Research raised Conagra Brands from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, Goldman Sachs Group set a $32.00 price target on Conagra Brands and gave the company a “buy” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Conagra Brands currently has a consensus rating of “Buy” and an average price target of $37.90.

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About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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Want to see what other hedge funds are holding CAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conagra Brands Inc (NYSE:CAG).

Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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