Cwm LLC Buys 2,165 Shares of Conagra Brands, Inc. (NYSE:CAG)

Cwm LLC lifted its stake in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,457 shares of the company’s stock after purchasing an additional 2,165 shares during the quarter. Cwm LLC’s holdings in Conagra Brands were worth $2,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAG. First United Bank & Trust bought a new position in Conagra Brands in the 4th quarter worth about $26,000. Naples Money Management LLC purchased a new position in shares of Conagra Brands in the 4th quarter worth about $26,000. Advantage Trust Co purchased a new position in shares of Conagra Brands in the 4th quarter worth about $34,000. Parkside Financial Bank & Trust boosted its holdings in shares of Conagra Brands by 48.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after purchasing an additional 454 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Conagra Brands by 143.3% in the 4th quarter. Bogart Wealth LLC now owns 1,550 shares of the company’s stock worth $44,000 after purchasing an additional 913 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Insider Transactions at Conagra Brands

In other news, EVP Charisse Brock sold 15,444 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 owns 113,254 shares of the company’s stock, valued at approximately $3,439,523.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

CAG has been the subject of a number of research reports. Citigroup upped their price objective on Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Barclays increased their target price on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Stifel Nicolaus increased their target price on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company increased their target price on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.14.

View Our Latest Report on Conagra Brands

Conagra Brands Trading Down 0.1 %

NYSE CAG traded down $0.03 on Wednesday, hitting $28.67. The company’s stock had a trading volume of 4,192,084 shares, compared to its average volume of 3,534,945. Conagra Brands, Inc. has a 52-week low of $25.16 and a 52-week high of $34.75. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. The company’s 50-day simple moving average is $30.21 and its 200 day simple moving average is $29.31. The firm has a market cap of $13.71 billion, a P/E ratio of 14.41, a PEG ratio of 2.81 and a beta of 0.32.

Conagra Brands (NYSE:CAGGet Free Report) last released its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the business posted $0.76 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Research analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Monday, April 29th. Conagra Brands’s dividend payout ratio is currently 70.35%.

About Conagra Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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