Captrust Financial Advisors raised its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,712 shares of the company’s stock after purchasing an additional 2,968 shares during the quarter. Captrust Financial Advisors’ holdings in Conagra Brands were worth $1,006,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James & Associates grew its stake in Conagra Brands by 9.8% during the 4th quarter. Raymond James & Associates now owns 161,683 shares of the company’s stock valued at $6,091,000 after purchasing an additional 14,475 shares in the last quarter. HPM Partners LLC grew its stake in Conagra Brands by 22.2% during the 4th quarter. HPM Partners LLC now owns 15,218 shares of the company’s stock valued at $573,000 after purchasing an additional 2,763 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Conagra Brands during the 4th quarter valued at approximately $1,475,000. Guggenheim Capital LLC grew its stake in Conagra Brands by 4.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,542,027 shares of the company’s stock valued at $58,088,000 after purchasing an additional 63,853 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Conagra Brands by 51.5% during the 4th quarter. Advisor Group Inc. now owns 30,705 shares of the company’s stock valued at $1,157,000 after purchasing an additional 10,437 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.
In related news, SVP Robert G. Wise sold 23,170 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $37.87, for a total transaction of $877,447.90. Following the completion of the transaction, the senior vice president now owns 51,859 shares in the company, valued at approximately $1,963,900.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joie A. Gregor sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $38.04, for a total value of $199,710.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,670 shares of company stock valued at $1,276,868 in the last 90 days. Insiders own 0.79% of the company’s stock.
Conagra Brands Inc (NYSE:CAG) opened at $38.03 on Wednesday. Conagra Brands Inc has a 12-month low of $32.16 and a 12-month high of $41.65. The company has a market capitalization of $15,245.15, a P/E ratio of 20.46, a PEG ratio of 2.42 and a beta of 0.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.11 and a quick ratio of 0.54.
Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. research analysts expect that Conagra Brands Inc will post 1.96 earnings per share for the current year.
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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