Raymond James Financial Services Advisors Inc. Acquires 348 Shares of Conagra Brands, Inc. (NYSE:CAG)

Raymond James Financial Services Advisors Inc. boosted its holdings in Conagra Brands, Inc. (NYSE:CAG – Get Rating) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,488 shares of the company’s stock after acquiring an additional 348 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Conagra Brands were worth $4,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Conagra Brands by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,185 shares of the company’s stock valued at $2,155,000 after acquiring an additional 3,975 shares during the period. Great West Life Assurance Co. Can grew its stake in Conagra Brands by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 309,389 shares of the company’s stock worth $10,942,000 after buying an additional 1,186 shares during the last quarter. Synovus Financial Corp grew its stake in Conagra Brands by 3.7% during the first quarter. Synovus Financial Corp now owns 22,548 shares of the company’s stock worth $758,000 after buying an additional 807 shares during the last quarter. Blair William & Co. IL grew its stake in Conagra Brands by 19.8% during the first quarter. Blair William & Co. IL now owns 27,151 shares of the company’s stock worth $911,000 after buying an additional 4,487 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Conagra Brands by 509.0% during the first quarter. Allianz Asset Management GmbH now owns 366,225 shares of the company’s stock worth $12,294,000 after buying an additional 306,086 shares during the last quarter. Institutional investors own 81.08% of the company’s stock.

Wall Street Analyst Weigh In

CAG has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Conagra Brands from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Stifel Nicolaus began coverage on shares of Conagra Brands in a research note on Thursday, April 13th. They set a “hold” rating and a $43.00 price objective on the stock. StockNews.com lowered shares of Conagra Brands from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Conagra Brands from $35.00 to $38.00 in a research report on Thursday, April 6th. Finally, Credit Suisse Group upped their target price on shares of Conagra Brands from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, March 31st. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Insider Transactions at Conagra Brands

In other news, EVP Charisse Brock sold 7,036 shares of the stock in a transaction on Friday, April 14th. The shares were sold at an average price of $37.04, for a total transaction of $260,613.44. Following the completion of the sale, the executive vice president now owns 94,802 shares of the company’s stock, valued at $3,511,466.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Thomas M. Mcgough sold 45,000 shares of the stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $38.66, for a total transaction of $1,739,700.00. Following the completion of the sale, the chief operating officer now owns 104,859 shares of the company’s stock, valued at $4,053,848.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charisse Brock sold 7,036 shares of the stock in a transaction on Friday, April 14th. The stock was sold at an average price of $37.04, for a total transaction of $260,613.44. Following the sale, the executive vice president now directly owns 94,802 shares of the company’s stock, valued at approximately $3,511,466.08. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

Conagra Brands Stock Up 0.1 %

Shares of NYSE:CAG opened at $35.84 on Friday. Conagra Brands, Inc. has a 52 week low of $31.01 and a 52 week high of $41.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.32 and a current ratio of 0.97. The company has a market capitalization of $17.09 billion, a PE ratio of 21.46, a PEG ratio of 2.04 and a beta of 0.56. The company has a 50 day moving average price of $37.16 and a two-hundred day moving average price of $37.22.

Conagra Brands (NYSE:CAG – Get Rating) last issued its earnings results on Wednesday, April 5th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.64 by $0.12. Conagra Brands had a net margin of 6.59% and a return on equity of 15.34%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Conagra Brands, Inc. will post 2.76 earnings per share for the current year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, April 28th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, April 27th. Conagra Brands’s payout ratio is presently 79.04%.

Conagra Brands Company Profile

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Conagra Brands, Inc engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks, Refrigerated and Frozen, International, and Foodservice. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.