HBK Investments L P decreased its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,500 shares of the company’s stock after selling 287,500 shares during the period. HBK Investments L P owned about 0.17% of Conagra Brands worth $25,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Vantage Investment Advisors LLC lifted its position in shares of Conagra Brands by 625.7% during the 4th quarter. Vantage Investment Advisors LLC now owns 2,990 shares of the company’s stock valued at $113,000 after buying an additional 2,578 shares in the last quarter. NuWave Investment Management LLC purchased a new position in shares of Conagra Brands during the 4th quarter valued at approximately $114,000. Meeder Asset Management Inc. purchased a new position in shares of Conagra Brands during the 4th quarter valued at approximately $161,000. Strategic Financial Services Inc purchased a new position in shares of Conagra Brands during the 4th quarter valued at approximately $203,000. Finally, Iberiabank Corp purchased a new position in shares of Conagra Brands during the 4th quarter valued at approximately $207,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.
In other Conagra Brands news, Director Joie A. Gregor sold 5,250 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $38.04, for a total value of $199,710.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert G. Wise sold 23,170 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $37.87, for a total value of $877,447.90. Following the completion of the sale, the senior vice president now directly owns 51,859 shares of the company’s stock, valued at $1,963,900.33. The disclosure for this sale can be found here. Insiders sold a total of 33,670 shares of company stock worth $1,276,868 in the last 90 days. 0.79% of the stock is currently owned by insiders.
Conagra Brands Inc (NYSE CAG) opened at $38.06 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $15,249.15, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 2.42 and a beta of 0.32. Conagra Brands Inc has a fifty-two week low of $32.16 and a fifty-two week high of $41.65.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. equities research analysts forecast that Conagra Brands Inc will post 1.96 earnings per share for the current fiscal year.
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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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