Conagra Brands Inc (CAG) Holdings Lifted by AMP Capital Investors Ltd

AMP Capital Investors Ltd grew its position in Conagra Brands Inc (NYSE:CAG) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,265 shares of the company’s stock after purchasing an additional 22,212 shares during the period. AMP Capital Investors Ltd owned approximately 0.05% of Conagra Brands worth $7,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CAG. Pitcairn Co. boosted its holdings in shares of Conagra Brands by 19.1% in the first quarter. Pitcairn Co. now owns 8,464 shares of the company’s stock valued at $312,000 after acquiring an additional 1,358 shares in the last quarter. Eos Focused Equity Management L.P. boosted its holdings in shares of Conagra Brands by 1.7% in the first quarter. Eos Focused Equity Management L.P. now owns 85,289 shares of the company’s stock valued at $3,145,000 after acquiring an additional 1,397 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Conagra Brands by 6.0% in the second quarter. Baird Financial Group Inc. now owns 24,824 shares of the company’s stock valued at $887,000 after acquiring an additional 1,415 shares in the last quarter. Azimuth Capital Management LLC boosted its holdings in shares of Conagra Brands by 9.7% in the first quarter. Azimuth Capital Management LLC now owns 18,092 shares of the company’s stock valued at $667,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Conagra Brands by 5.8% in the second quarter. Captrust Financial Advisors now owns 29,516 shares of the company’s stock valued at $1,055,000 after acquiring an additional 1,628 shares in the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

CAG stock opened at $37.98 on Friday. Conagra Brands Inc has a 12 month low of $32.90 and a 12 month high of $39.43. The company has a market cap of $14.47 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a quick ratio of 0.40, a current ratio of 0.83 and a debt-to-equity ratio of 0.86.

Conagra Brands (NYSE:CAG) last released its earnings results on Wednesday, June 27th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.43 by $0.07. Conagra Brands had a net margin of 10.18% and a return on equity of 22.54%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the business earned $0.37 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts predict that Conagra Brands Inc will post 2.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Tuesday, July 31st were paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, July 30th. Conagra Brands’s dividend payout ratio is presently 40.28%.

Several research analysts have recently issued reports on CAG shares. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, August 29th. Citigroup decreased their price objective on shares of Conagra Brands from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, June 28th. Stephens started coverage on shares of Conagra Brands in a report on Monday, August 20th. They issued an “overweight” rating and a $45.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Conagra Brands from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Finally, ValuEngine cut shares of Conagra Brands from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.40.

In related news, Director Ruth Ann Marshall sold 3,023 shares of the stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $35.15, for a total transaction of $106,258.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Colleen Batcheler sold 22,750 shares of the stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $36.00, for a total transaction of $819,000.00. Following the sale, the executive vice president now directly owns 163,145 shares of the company’s stock, valued at $5,873,220. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,791 shares of company stock valued at $4,823,771. Company insiders own 0.92% of the company’s stock.

Conagra Brands Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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

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