Conagra Brands, Inc. (NYSE:CAG) Shares Bought by AMG National Trust Bank

AMG National Trust Bank boosted its holdings in shares of Conagra Brands, Inc. (NYSE:CAGGet Rating) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,650 shares of the company’s stock after purchasing an additional 525 shares during the period. AMG National Trust Bank’s holdings in Conagra Brands were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Conagra Brands Stock Performance

Conagra Brands stock opened at $37.26 on Wednesday. The firm has a 50 day simple moving average of $38.29 and a 200-day simple moving average of $35.81. 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 stock has a market cap of $17.76 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

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

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Monday, January 30th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, January 27th. This represents a $1.32 annualized dividend and a dividend yield of 3.54%. Conagra Brands’s dividend payout ratio is currently 93.62%.

Insider Transactions at Conagra Brands

In other news, SVP Robert G. Wise sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $40.90, for a total value of $2,045,000.00. Following the transaction, the senior vice president now directly owns 22,717 shares in the company, valued at approximately $929,125.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

CAG has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Conagra Brands from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Conagra Brands from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, January 6th. Credit Suisse Group boosted their target price on shares of Conagra Brands from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 6th. Stifel Nicolaus boosted their target price on shares of Conagra Brands from $35.00 to $44.00 in a research note on Friday, January 6th. Finally, Royal Bank of Canada boosted their target price on shares of Conagra Brands from $35.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Conagra Brands has an average rating of “Hold” and an average price target of $40.45.

Conagra Brands Company Profile

(Get Rating)

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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