Dimensional Fund Advisors LP boosted its stake in shares of ConAgra Foods Inc. (NYSE:CAG) by 31.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,795 shares of the company’s stock after buying an additional 321,932 shares during the period. Dimensional Fund Advisors LP owned about 0.32% of ConAgra Foods worth $54,894,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CAG. Vanguard Group Inc. raised its position in ConAgra Foods by 2.6% in the first quarter. Vanguard Group Inc. now owns 46,312,610 shares of the company’s stock valued at $1,868,249,000 after buying an additional 1,175,244 shares during the period. Wells Fargo & Company MN raised its position in ConAgra Foods by 30.3% in the first quarter. Wells Fargo & Company MN now owns 7,336,632 shares of the company’s stock valued at $295,959,000 after buying an additional 1,706,553 shares during the period. TIAA CREF Investment Management LLC raised its position in ConAgra Foods by 21.6% in the first quarter. TIAA CREF Investment Management LLC now owns 6,575,883 shares of the company’s stock valued at $265,271,000 after buying an additional 1,169,432 shares during the period. American Century Companies Inc. raised its position in shares of ConAgra Foods by 13.9% in the first quarter. American Century Companies Inc. now owns 6,177,203 shares of the company’s stock worth $249,188,000 after buying an additional 753,028 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of ConAgra Foods by 12.3% in the first quarter. Geode Capital Management LLC now owns 4,266,630 shares of the company’s stock worth $171,882,000 after buying an additional 467,789 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of ConAgra Foods Inc. (NYSE:CAG) traded up 0.56% during mid-day trading on Monday, hitting $34.17. The stock had a trading volume of 3,168,465 shares. The firm’s 50-day moving average price is $35.37 and its 200 day moving average price is $38.52. ConAgra Foods Inc. has a 12-month low of $32.93 and a 12-month high of $48.86. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 23.40 and a beta of 0.32.

ConAgra Foods (NYSE:CAG) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.86 billion. ConAgra Foods had a net margin of 7.43% and a return on equity of 20.29%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. Equities analysts forecast that ConAgra Foods Inc. will post $1.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, July 27th. This is a boost from ConAgra Foods’s previous quarterly dividend of $0.20. ConAgra Foods’s dividend payout ratio is 57.82%.

ConAgra Foods announced that its board has approved a stock buyback plan on Thursday, June 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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A number of equities analysts have issued reports on the company. BidaskClub lowered ConAgra Foods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Credit Suisse Group set a $39.00 price target on ConAgra Foods and gave the company a “hold” rating in a report on Saturday, July 1st. UBS AG reiterated a “sell” rating and issued a $33.00 price target (down from $35.00) on shares of ConAgra Foods in a report on Friday, June 30th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $42.00 price target (down from $44.00) on shares of ConAgra Foods in a report on Wednesday, June 28th. Finally, Bank of America Corporation restated a “buy” rating and set a $43.00 price objective (down from $44.00) on shares of ConAgra Foods in a research note on Monday, June 26th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. ConAgra Foods presently has a consensus rating of “Hold” and a consensus price target of $42.72.

In related news, Director Stephen G. Butler sold 5,848 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $35.80, for a total value of $209,358.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ruth Ann Marshall sold 6,046 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $33.22, for a total transaction of $200,848.12. Following the completion of the transaction, the director now directly owns 89,260 shares in the company, valued at approximately $2,965,217.20. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

ConAgra Foods Company Profile

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

Institutional Ownership by Quarter for ConAgra Foods (NYSE:CAG)

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