Banque Cantonale Vaudoise Cuts Stake in Conagra Brands, Inc. (NYSE:CAG)

Banque Cantonale Vaudoise reduced its stake in shares of Conagra Brands, Inc. (NYSE:CAG – Get Rating) by 58.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,930 shares of the company’s stock after selling 22,500 shares during the period. Banque Cantonale Vaudoise’s holdings in Conagra Brands were worth $617,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Conagra Brands by 6.6% during 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 buying an additional 3,975 shares in the last quarter. Great West Life Assurance Co. Can lifted its position 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 valued at $10,942,000 after buying an additional 1,186 shares in the last quarter. Synovus Financial Corp lifted its position in Conagra Brands by 3.7% during the first quarter. Synovus Financial Corp now owns 22,548 shares of the company’s stock valued at $758,000 after buying an additional 807 shares in the last quarter. Blair William & Co. IL lifted its position in Conagra Brands by 19.8% during the first quarter. Blair William & Co. IL now owns 27,151 shares of the company’s stock valued at $911,000 after buying an additional 4,487 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Conagra Brands by 509.0% during the first quarter. Allianz Asset Management GmbH now owns 366,225 shares of the company’s stock valued at $12,294,000 after buying an additional 306,086 shares in the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

Insider Transactions at Conagra Brands

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

Conagra Brands Stock Down 0.9 %

Shares of NYSE:CAG opened at $34.73 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.32 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $37.13 and a 200 day simple moving average of $37.19. The firm has a market cap of $16.56 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.00 and a beta of 0.56. Conagra Brands, Inc. has a 12-month low of $31.07 and a 12-month high of $41.30.

Conagra Brands (NYSE:CAG – Get Rating) last released its earnings results on Wednesday, April 5th. The company reported $0.76 earnings per share 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 analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Conagra Brands, Inc. will post 2.76 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, April 28th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, April 27th. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. Conagra Brands’s dividend payout ratio is currently 79.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CAG. Stifel Nicolaus began coverage on shares of Conagra Brands in a research report on Thursday, April 13th. They set a “hold” rating and a $43.00 target price on the stock. StockNews.com cut shares of Conagra Brands from a “buy” rating to a “hold” rating in a research report on Saturday, May 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Conagra Brands from $35.00 to $38.00 in a research report on Thursday, April 6th. Credit Suisse Group boosted 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. Finally, Morgan Stanley reduced their target price on shares of Conagra Brands from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 6th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Conagra Brands 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.