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.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, September 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. research analysts expect that Conagra Brands Inc. will post 1.89 EPS for the current fiscal year.

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.

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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.

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