Inspire Investing LLC Sells 3,935 Shares of Conagra Brands, Inc. (NYSE:CAG)

Inspire Investing LLC reduced its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,741 shares of the company’s stock after selling 3,935 shares during the quarter. Inspire Investing LLC’s holdings in Conagra Brands were worth $1,683,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CAG. Innealta Capital LLC purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at $25,000. Chilton Capital Management LLC purchased a new stake in Conagra Brands during the second quarter worth about $25,000. Hexagon Capital Partners LLC raised its position in Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares during the period. Whittier Trust Co. boosted its stake in Conagra Brands by 144.4% in the first quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after acquiring an additional 836 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Conagra Brands during the 1st quarter valued at approximately $42,000. 83.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the completion of the transaction, the chief operating officer now owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Conagra Brands Trading Down 0.2 %

Shares of CAG opened at $29.37 on Monday. Conagra Brands, Inc. has a twelve month low of $26.51 and a twelve month high of $33.24. The stock has a market cap of $14.04 billion, a PE ratio of 40.23, a P/E/G ratio of 3.01 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $31.17 and its 200-day moving average price is $30.29.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the company posted $0.66 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts forecast that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands’s payout ratio is 191.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Thursday, October 3rd. Evercore ISI dropped their price objective on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, The Goldman Sachs Group began coverage on shares of Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 target price for the company. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.63.

About Conagra Brands

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.