Conagra Brands Inc. (CAG) EVP Colleen Batcheler Sells 120,451 Shares
Conagra Brands Inc. (NYSE:CAG) EVP Colleen Batcheler sold 120,451 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total value of $4,516,912.50. Following the sale, the executive vice president now owns 211,514 shares of the company’s stock, valued at $7,931,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Colleen Batcheler also recently made the following trade(s):
- On Friday, October 13th, Colleen Batcheler sold 133,869 shares of Conagra Brands stock. The stock was sold at an average price of $34.28, for a total value of $4,589,029.32.
Conagra Brands Inc. (NYSE CAG) traded up $0.14 during mid-day trading on Friday, hitting $37.47. The stock had a trading volume of 5,626,739 shares, compared to its average volume of 3,472,247. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 0.71. Conagra Brands Inc. has a fifty-two week low of $32.16 and a fifty-two week high of $41.68. The firm has a market capitalization of $14,885.67, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.75 and a beta of 0.32.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, October 13th were paid a $0.2125 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.27%. Conagra Brands’s dividend payout ratio (DPR) is currently 60.28%.
Several hedge funds have recently bought and sold shares of the company. IndexIQ Advisors LLC grew its stake in shares of Conagra Brands by 0.4% in the second quarter. IndexIQ Advisors LLC now owns 9,828 shares of the company’s stock valued at $352,000 after buying an additional 36 shares in the last quarter. Conning Inc. grew its stake in Conagra Brands by 0.6% during the 2nd quarter. Conning Inc. now owns 11,616 shares of the company’s stock valued at $415,000 after purchasing an additional 70 shares in the last quarter. Synovus Financial Corp grew its stake in Conagra Brands by 1.8% during the 2nd quarter. Synovus Financial Corp now owns 8,884 shares of the company’s stock valued at $318,000 after purchasing an additional 155 shares in the last quarter. Shell Asset Management Co. grew its stake in Conagra Brands by 0.5% during the 2nd quarter. Shell Asset Management Co. now owns 41,071 shares of the company’s stock valued at $1,469,000 after purchasing an additional 200 shares in the last quarter. Finally, MUFG Americas Holdings Corp grew its stake in Conagra Brands by 1.5% during the 2nd quarter. MUFG Americas Holdings Corp now owns 13,810 shares of the company’s stock valued at $494,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, November 22nd. BidaskClub upgraded Conagra Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Credit Suisse Group restated a “hold” rating and set a $39.00 price target on shares of Conagra Brands in a research note on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of Conagra Brands in a research note on Friday, September 29th. Finally, Stifel Nicolaus upgraded Conagra Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $36.00 to $38.00 in a research note on Sunday, October 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Conagra Brands currently has a consensus rating of “Hold” and an average target price of $40.03.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/01/conagra-brands-inc-cag-evp-colleen-batcheler-sells-120451-shares.html.
About Conagra Brands
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
Receive News & Ratings for Conagra Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.