M Holdings Securities Inc. Makes New $404,000 Investment in Conagra Brands, Inc. (NYSE:CAG)

M Holdings Securities Inc. acquired a new position in shares of Conagra Brands, Inc. (NYSE:CAGGet Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 12,042 shares of the company’s stock, valued at approximately $404,000.

A number of other hedge funds have also modified their holdings of CAG. Hazlett Burt & Watson Inc. bought a new position in shares of Conagra Brands during the first quarter worth about $31,000. Clearstead Advisors LLC grew its holdings in shares of Conagra Brands by 60.1% during the first quarter. Clearstead Advisors LLC now owns 996 shares of the company’s stock worth $33,000 after buying an additional 374 shares in the last quarter. Fieldpoint Private Securities LLC grew its holdings in shares of Conagra Brands by 238.6% during the first quarter. Fieldpoint Private Securities LLC now owns 1,080 shares of the company’s stock worth $36,000 after buying an additional 761 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Conagra Brands by 41.3% during the first quarter. Lindbrook Capital LLC now owns 1,198 shares of the company’s stock worth $40,000 after buying an additional 350 shares in the last quarter. Finally, Covestor Ltd bought a new position in shares of Conagra Brands during the fourth quarter worth about $51,000. 83.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAG has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Conagra Brands from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Conagra Brands from $35.00 to $32.00 in a research report on Friday, July 15th. UBS Group increased their price target on Conagra Brands from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, July 8th. Credit Suisse Group reduced their price target on Conagra Brands from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, July 15th. Finally, Citigroup cut their price objective on Conagra Brands from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, July 15th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.67.

Conagra Brands Stock Performance

NYSE:CAG opened at $33.83 on Friday. The stock 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. The stock has a 50 day simple moving average of $34.38 and a 200 day simple moving average of $33.92. The company has a current ratio of 0.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.91. 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 released its quarterly earnings results on Thursday, July 14th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Conagra Brands had a return on equity of 12.99% and a net margin of 7.70%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. Research analysts anticipate that Conagra Brands, Inc. will post 2.41 earnings per share for the current year.

Conagra Brands Increases Dividend

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

Insider Activity at Conagra Brands

In related news, COO Thomas M. Mcgough sold 21,405 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were 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 owns 104,859 shares of the company’s stock, valued at $3,712,008.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Thomas M. Mcgough sold 21,405 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were 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 owns 104,859 shares of the company’s stock, valued at $3,712,008.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emanuel Chirico acquired 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average cost of $34.06 per share, with a total value of $1,021,800.00. Following the transaction, the director now directly owns 40,788 shares of the company’s stock, valued at $1,389,239.28. The disclosure for this purchase can be found here. 0.98% of the stock is owned by insiders.

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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