Conagra Brands, Inc. (NYSE:CAG) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Conagra Brands, Inc. (NYSE:CAG) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,512 shares of the company’s stock after acquiring an additional 1,537 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Conagra Brands were worth $1,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CAG. Innealta Capital LLC acquired a new stake in Conagra Brands in the second quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in shares of Conagra Brands in the second quarter valued at $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Conagra Brands by 82.8% in the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after buying an additional 420 shares during the period. Whittier Trust Co. boosted its stake in Conagra Brands by 144.4% during the first quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after buying an additional 836 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Conagra Brands during the first quarter worth about $42,000. 83.75% of the stock is currently owned by institutional investors.

Insider Transactions at Conagra Brands

In related news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the transaction, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.88% of the stock is owned by insiders.

Conagra Brands Trading Down 2.6 %

Conagra Brands stock opened at $29.52 on Tuesday. Conagra Brands, Inc. has a 52 week low of $26.62 and a 52 week high of $33.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.33 and a current ratio of 0.94. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 3.01 and a beta of 0.32. The company has a 50 day moving average price of $31.15 and a 200 day moving average price of $30.31.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. Research analysts forecast that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.74%. Conagra Brands’s dividend payout ratio is 191.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BNP Paribas raised shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus cut their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company lifted their price target on shares of Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Bank of America cut their price objective on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, October 3rd. Finally, Evercore ISI reduced their price objective on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Conagra Brands has an average rating of “Hold” and a consensus price target of $31.63.

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.