Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in shares of Conagra Brands, Inc. (NYSE:CAGGet Rating) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,746 shares of the company’s stock after acquiring an additional 1,379 shares during the period. Park Avenue Securities LLC’s holdings in Conagra Brands were worth $351,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CAG. Hexagon Capital Partners LLC grew its stake in shares of Conagra Brands by 1,492.0% during the third quarter. Hexagon Capital Partners LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 746 shares in the last quarter. Sage Private Wealth Group LLC purchased a new position in shares of Conagra Brands in the 2nd quarter valued at about $28,000. Centerpoint Advisors LLC acquired a new stake in shares of Conagra Brands during the 3rd quarter worth about $33,000. Ossiam purchased a new stake in Conagra Brands during the second quarter worth approximately $68,000. Finally, Alta Advisers Ltd acquired a new position in Conagra Brands in the third quarter valued at approximately $69,000. 81.08% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $37.98 on Monday. The stock has a fifty day moving average price of $38.16 and a 200 day moving average price of $35.78. Conagra Brands, Inc. has a 1-year low of $30.06 and a 1-year high of $41.30. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.92 and a quick ratio of 0.29. The company has a market cap of $18.10 billion, a PE ratio of 26.94, a P/E/G ratio of 2.04 and a beta of 0.57.

Conagra Brands (NYSE:CAGGet Rating) last released its earnings results on Thursday, January 5th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Conagra Brands had a net margin of 5.66% and a return on equity of 14.38%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. Sell-side analysts forecast that Conagra Brands, Inc. will post 2.67 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Monday, January 30th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, January 27th. Conagra Brands’s payout ratio is 93.62%.

Insider Transactions at Conagra Brands

In related news, SVP Robert G. Wise sold 50,000 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $40.90, for a total transaction of $2,045,000.00. Following the transaction, the senior vice president now owns 22,717 shares of the company’s stock, valued at $929,125.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of Conagra Brands from $35.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, January 6th. BNP Paribas began coverage on shares of Conagra Brands in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $42.00 price target for the company. Evercore ISI raised their price objective on Conagra Brands from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, December 29th. Exane BNP Paribas assumed coverage on Conagra Brands in a report on Tuesday, November 15th. They issued an “outperform” rating for the company. Finally, StockNews.com raised Conagra Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.45.

Conagra Brands Company Profile

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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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