Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC increased its holdings in Conagra Brands, Inc. (NYSE:CAGGet Rating) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,253 shares of the company’s stock after acquiring an additional 4,822 shares during the quarter. Advisory Services Network LLC’s holdings in Conagra Brands were worth $2,157,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Conagra Brands by 1.5% in the first quarter. Vanguard Group Inc. now owns 54,738,710 shares of the company’s stock worth $1,837,578,000 after acquiring an additional 786,816 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Conagra Brands by 26.2% in the first quarter. BlackRock Inc. now owns 43,420,694 shares of the company’s stock worth $1,457,630,000 after acquiring an additional 9,004,956 shares in the last quarter. State Street Corp lifted its stake in shares of Conagra Brands by 12.8% in the first quarter. State Street Corp now owns 23,556,766 shares of the company’s stock worth $790,801,000 after acquiring an additional 2,671,720 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Conagra Brands by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,984,780 shares of the company’s stock worth $306,024,000 after acquiring an additional 280,003 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Conagra Brands by 10.7% in the first quarter. Invesco Ltd. now owns 8,716,615 shares of the company’s stock worth $292,616,000 after acquiring an additional 841,538 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Conagra Brands Stock Performance

Shares of NYSE CAG opened at $33.83 on Friday. The stock has a fifty day moving average price of $34.38 and a two-hundred day moving average price of $33.92. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.31 and a current ratio of 0.86. The firm has a market cap of $16.24 billion, a P/E ratio of 18.39, a PEG ratio of 2.00 and a beta of 0.57. Conagra Brands, Inc. has a 1 year low of $30.06 and a 1 year high of $36.97.

Conagra Brands (NYSE:CAGGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.93 billion. Conagra Brands had a return on equity of 12.99% and a net margin of 7.70%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Research analysts forecast that Conagra Brands, Inc. will post 2.41 EPS for the current fiscal year.

Conagra Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 3rd were paid a dividend of $0.33 per share. This is a positive change from Conagra Brands’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Tuesday, August 2nd. Conagra Brands’s dividend payout ratio (DPR) is presently 71.74%.

Insider Buying and Selling at Conagra Brands

In related news, Director Emanuel Chirico acquired 30,000 shares of Conagra Brands stock in a transaction dated Monday, July 25th. The stock was acquired at an average cost of $34.06 per share, with a total value of $1,021,800.00. Following the purchase, the director now directly owns 40,788 shares in the company, valued at approximately $1,389,239.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Conagra Brands news, COO Thomas M. Mcgough sold 21,405 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $35.40, for a total transaction of $757,737.00. Following the completion of the sale, the chief operating officer now directly owns 104,859 shares in the company, valued at approximately $3,712,008.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emanuel Chirico bought 30,000 shares of the stock in a transaction on Monday, July 25th. The shares were acquired at an average cost of $34.06 per share, for a total transaction of $1,021,800.00. Following the purchase, the director now owns 40,788 shares in the company, valued at $1,389,239.28. The disclosure for this purchase can be found here. 0.98% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CAG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Conagra Brands from $35.00 to $32.00 in a research note on Friday, July 15th. UBS Group increased their price target on Conagra Brands from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, July 8th. Credit Suisse Group dropped their price target on Conagra Brands from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, July 15th. Citigroup dropped their price target on Conagra Brands from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, July 15th. Finally, Morgan Stanley dropped their price target on Conagra Brands from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.67.

Conagra Brands Profile

(Get Rating)

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

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

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