V Square Quantitative Management LLC Buys 933 Shares of Conagra Brands, Inc. (NYSE:CAG)

V Square Quantitative Management LLC lifted its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,771 shares of the company’s stock after purchasing an additional 933 shares during the quarter. V Square Quantitative Management LLC’s holdings in Conagra Brands were worth $391,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in Conagra Brands by 316.6% in the 4th quarter. Teacher Retirement System of Texas now owns 154,013 shares of the company’s stock valued at $4,414,000 after acquiring an additional 117,042 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in Conagra Brands by 7.7% in the 4th quarter. Valley Wealth Managers Inc. now owns 517,792 shares of the company’s stock valued at $14,840,000 after acquiring an additional 37,149 shares in the last quarter. Bessemer Group Inc. lifted its position in Conagra Brands by 237.9% in the 1st quarter. Bessemer Group Inc. now owns 76,971 shares of the company’s stock valued at $2,281,000 after acquiring an additional 54,195 shares in the last quarter. Stifel Financial Corp lifted its position in Conagra Brands by 12.2% in the 4th quarter. Stifel Financial Corp now owns 815,947 shares of the company’s stock valued at $23,385,000 after acquiring an additional 88,576 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Conagra Brands by 60.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 71,374 shares of the company’s stock valued at $2,046,000 after acquiring an additional 26,774 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the topic of several recent research reports. Royal Bank of Canada dropped their price target on shares of Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Barclays dropped their target price on shares of Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company dropped their target price on shares of 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. Evercore ISI dropped their target price on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Stifel Nicolaus dropped their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and an average target price of $31.45.

Conagra Brands Stock Performance

Shares of CAG stock traded down $0.35 during trading hours on Thursday, hitting $30.47. 126,740 shares of the company were exchanged, compared to its average volume of 4,616,269. The firm has a fifty day simple moving average of $29.26 and a 200 day simple moving average of $29.38. 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 $31.82. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 42.22, a P/E/G ratio of 2.65 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, July 11th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the business posted $0.62 EPS. Conagra Brands’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts predict that Conagra Brands, Inc. will post 2.61 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.59%. Conagra Brands’s payout ratio is currently 191.78%.

Insider Transactions at Conagra Brands

In related news, EVP Charisse Brock sold 15,444 shares of Conagra Brands stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at approximately $3,439,523.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Charisse Brock sold 15,444 shares of Conagra Brands stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at approximately $3,439,523.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 $4,890,108.47. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

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.