Ensign Peak Advisors Inc Purchases 55,790 Shares of Conagra Brands, Inc. (NYSE:CAG)

Ensign Peak Advisors Inc grew its position in Conagra Brands, Inc. (NYSE:CAG) by 9.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 634,308 shares of the company’s stock after buying an additional 55,790 shares during the period. Ensign Peak Advisors Inc owned 0.13% of Conagra Brands worth $18,027,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new stake in Conagra Brands during the second quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of Conagra Brands during the second quarter worth $25,000. Whittier Trust Co. lifted its holdings in shares of Conagra Brands by 144.4% during the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after purchasing an additional 836 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Conagra Brands in the 1st quarter worth $44,000. Finally, Security National Bank acquired a new position in Conagra Brands during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the topic of a number of research analyst reports. Barclays dropped their price target on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Bank of America lifted their price objective on shares of Conagra Brands from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. The Goldman Sachs Group assumed coverage on Conagra Brands in a research note on Monday, August 12th. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company cut their price objective on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Evercore ISI decreased their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.10.

Conagra Brands Trading Up 0.0 %

Conagra Brands stock opened at $32.31 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. The firm has a market cap of $15.45 billion, a PE ratio of 44.26, a P/E/G ratio of 2.88 and a beta of 0.32. The stock’s 50 day simple moving average is $30.94 and its two-hundred day simple moving average is $30.09. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, July 11th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.93 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Analysts anticipate that Conagra Brands, Inc. will post 2.61 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.33%. Conagra Brands’s payout ratio is 191.78%.

Insiders Place Their Bets

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the completion of the sale, the chief operating officer now directly owns 161,443 shares in the company, valued at $4,890,108.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is currently owned by company insiders.

About Conagra Brands

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