Conagra Brands, Inc. (NYSE:CAG) Stock Holdings Lifted by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its position in Conagra Brands, Inc. (NYSE:CAG) by 151.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,097 shares of the company’s stock after purchasing an additional 15,110 shares during the quarter. Stonegate Investment Group LLC’s holdings in Conagra Brands were worth $816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Conagra Brands by 0.4% during the 3rd quarter. CWM LLC now owns 87,222 shares of the company’s stock worth $2,836,000 after acquiring an additional 359 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Conagra Brands by 7.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 5,220 shares of the company’s stock worth $155,000 after acquiring an additional 373 shares in the last quarter. Czech National Bank boosted its stake in shares of Conagra Brands by 0.5% during the 1st quarter. Czech National Bank now owns 84,105 shares of the company’s stock worth $2,493,000 after acquiring an additional 392 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its stake in shares of Conagra Brands by 1.1% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 39,955 shares of the company’s stock worth $1,184,000 after acquiring an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Insider Transactions at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the completion of the transaction, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.88% of the stock is currently owned by insiders.

Conagra Brands Trading Up 0.0 %

Conagra Brands stock opened at $30.32 on Friday. The business has a 50 day moving average price of $31.15 and a two-hundred day moving average price of $30.29. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. Conagra Brands, Inc. has a 12 month low of $26.62 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.84 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. As a group, equities analysts forecast that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.62%. Conagra Brands’s payout ratio is presently 191.78%.

Analyst Ratings Changes

CAG has been the subject of several recent analyst reports. Barclays decreased their target price on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Citigroup decreased their target price on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. The Goldman Sachs Group initiated coverage on Conagra Brands in a research note on Monday, August 12th. They set a “buy” rating and a $36.00 target price for the company. Evercore ISI decreased their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Company Profile

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