Andra AP fonden Has $3.07 Million Stake in Conagra Brands Inc (NYSE:CAG)

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Andra AP fonden decreased its holdings in Conagra Brands Inc (NYSE:CAG) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,100 shares of the company’s stock after selling 8,800 shares during the period. Andra AP fonden’s holdings in Conagra Brands were worth $3,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CAG. Oregon Public Employees Retirement Fund grew its stake in shares of Conagra Brands by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,657 shares of the company’s stock valued at $1,370,000 after buying an additional 737 shares in the last quarter. Manning & Napier Group LLC grew its stake in shares of Conagra Brands by 38.5% in the 2nd quarter. Manning & Napier Group LLC now owns 138,693 shares of the company’s stock valued at $3,677,000 after buying an additional 38,564 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Conagra Brands by 14.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 15,458 shares of the company’s stock valued at $410,000 after buying an additional 2,007 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Conagra Brands by 8.8% in the 2nd quarter. Arizona State Retirement System now owns 250,250 shares of the company’s stock valued at $6,637,000 after buying an additional 20,259 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Conagra Brands by 200.8% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 247,757 shares of the company’s stock valued at $6,571,000 after buying an additional 165,400 shares in the last quarter. Institutional investors own 87.70% of the company’s stock.

In other news, COO Thomas M. Mcgough sold 26,099 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $31.00, for a total value of $809,069.00. Following the completion of the sale, the chief operating officer now directly owns 145,869 shares of the company’s stock, valued at $4,521,939. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Colleen Batcheler sold 25,458 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $30.00, for a total value of $763,740.00. Following the completion of the sale, the executive vice president now directly owns 169,873 shares of the company’s stock, valued at $5,096,190. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

Shares of Conagra Brands stock opened at $28.76 on Tuesday. The stock has a market capitalization of $14.05 billion, a P/E ratio of 14.65, a PEG ratio of 1.95 and a beta of 0.85. The company has a quick ratio of 0.40, a current ratio of 1.11 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $27.99 and a two-hundred day moving average price of $28.53. Conagra Brands Inc has a 12-month low of $20.22 and a 12-month high of $32.80.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, September 26th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Conagra Brands had a return on equity of 12.34% and a net margin of 6.68%. The company’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. Sell-side analysts anticipate that Conagra Brands Inc will post 2.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 1st will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.85 dividend on an annualized basis and a yield of 2.96%. Conagra Brands’s payout ratio is currently 42.29%.

Several equities research analysts recently commented on the company. Credit Suisse Group reissued a “hold” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Thursday, September 19th. Citigroup boosted their price target on Conagra Brands from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Berenberg Bank assumed coverage on Conagra Brands in a research note on Thursday, November 14th. They issued a “hold” rating and a $29.00 price target for the company. ValuEngine raised Conagra Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $33.00 to $31.00 in a research note on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $33.00.

Conagra Brands Profile

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

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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