Keeley Teton Advisors LLC Sells 825 Shares of Conagra Brands, Inc. (NYSE:CAG)

Keeley Teton Advisors LLC trimmed its position in Conagra Brands, Inc. (NYSE:CAG) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,902 shares of the company’s stock after selling 825 shares during the period. Keeley Teton Advisors LLC’s holdings in Conagra Brands were worth $975,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CAG. Federated Hermes Inc. raised its holdings in Conagra Brands by 18.7% during the fourth quarter. Federated Hermes Inc. now owns 8,426,955 shares of the company’s stock worth $241,517,000 after acquiring an additional 1,330,249 shares in the last quarter. Norges Bank acquired a new position in Conagra Brands during the fourth quarter worth approximately $140,473,000. Charles Schwab Investment Management Inc. increased its position in Conagra Brands by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,857,207 shares of the company’s stock worth $81,888,000 after buying an additional 127,739 shares during the last quarter. AMF Tjanstepension AB acquired a new position in Conagra Brands during the first quarter worth approximately $47,980,000. Finally, Raymond James & Associates grew its position in shares of Conagra Brands by 26.2% in the first quarter. Raymond James & Associates now owns 1,497,014 shares of the company’s stock valued at $44,371,000 after purchasing an additional 310,386 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Insider Activity at Conagra Brands

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total transaction of $469,034.28. Following the completion of the sale, the executive vice president now directly owns 113,254 shares in the company, valued at approximately $3,439,523.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus decreased their target price on Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Evercore ISI decreased their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Citigroup decreased their target price on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Barclays decreased their target price on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Wells Fargo & Company decreased their target price on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.18.

Conagra Brands Price Performance

NYSE CAG traded up $0.41 on Friday, hitting $29.94. 3,518,765 shares of the company’s stock were exchanged, compared to its average volume of 4,617,913. The stock has a 50-day moving average of $29.21 and a 200-day moving average of $29.27. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $33.39. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 41.01, a P/E/G ratio of 2.59 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Conagra Brands, Inc. will post 2.61 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 1st will be issued a $0.35 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.68%. Conagra Brands’s payout ratio is 191.78%.

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.