Leonteq Securities AG Sells 101,143 Shares of Conagra Brands $CAG

Leonteq Securities AG decreased its position in shares of Conagra Brands (NYSE:CAG) by 72.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,397 shares of the company’s stock after selling 101,143 shares during the quarter. Leonteq Securities AG’s holdings in Conagra Brands were worth $604,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of Conagra Brands by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,541 shares of the company’s stock valued at $628,000 after buying an additional 954 shares during the period. United Services Automobile Association acquired a new position in shares of Conagra Brands during the first quarter valued at $225,000. Empowered Funds LLC lifted its stake in shares of Conagra Brands by 5.9% during the first quarter. Empowered Funds LLC now owns 36,356 shares of the company’s stock valued at $970,000 after acquiring an additional 2,038 shares during the period. Woodline Partners LP boosted its holdings in Conagra Brands by 40.7% in the first quarter. Woodline Partners LP now owns 40,326 shares of the company’s stock valued at $1,075,000 after acquiring an additional 11,664 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Conagra Brands by 3.9% in the second quarter. Gamco Investors INC. ET AL now owns 50,450 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,900 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Down 0.0%

CAG opened at $14.34 on Friday. The firm’s fifty day moving average is $13.64 and its two-hundred day moving average is $15.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.30 and a current ratio of 0.90. The firm has a market cap of $6.86 billion, a PE ratio of -143.34 and a beta of -0.02. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $21.27.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $0.51 EPS. Conagra Brands’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Conagra Brands will post 1.7 EPS for the current year.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, Director Richard H. Lenny bought 25,000 shares of Conagra Brands stock in a transaction on Tuesday, April 14th. The shares were purchased at an average cost of $14.34 per share, for a total transaction of $358,500.00. Following the completion of the acquisition, the director owned 229,340 shares in the company, valued at approximately $3,288,735.60. The trade was a 12.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John J. Mulligan bought 17,500 shares of Conagra Brands stock in a transaction on Tuesday, April 14th. The shares were acquired at an average price of $14.31 per share, for a total transaction of $250,425.00. Following the completion of the acquisition, the director owned 20,728 shares of the company’s stock, valued at approximately $296,617.68. This represents a 542.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of a number of research reports. BNP Paribas Exane cut their target price on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. TD Cowen dropped their price target on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, March 25th. JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Finally, Jefferies Financial Group reduced their price objective on shares of Conagra Brands from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $14.13.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.