SG Americas Securities LLC Has $188,000 Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

SG Americas Securities LLC trimmed its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 91.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,772 shares of the company’s stock after selling 63,183 shares during the quarter. SG Americas Securities LLC’s holdings in Conagra Brands were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Czech National Bank boosted its stake in shares of Conagra Brands by 7.1% in the 3rd quarter. Czech National Bank now owns 97,587 shares of the company’s stock valued at $3,174,000 after purchasing an additional 6,488 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Conagra Brands in the second quarter valued at about $829,000. SPC Financial Inc. grew its stake in Conagra Brands by 18.9% during the second quarter. SPC Financial Inc. now owns 10,700 shares of the company’s stock worth $304,000 after buying an additional 1,700 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Conagra Brands during the second quarter worth approximately $1,482,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Conagra Brands by 10.2% in the second quarter. EP Wealth Advisors LLC now owns 10,980 shares of the company’s stock valued at $312,000 after acquiring an additional 1,018 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Insider Activity at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total value of $1,211,600.00. Following the completion of the transaction, the chief operating officer now owns 161,443 shares of the company’s stock, valued at $4,890,108.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

Conagra Brands Trading Down 0.1 %

CAG opened at $29.46 on Thursday. The firm has a 50 day simple moving average of $31.13 and a 200 day simple moving average of $30.29. Conagra Brands, Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $33.24. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33.

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). Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be paid 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 4.75%. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Bank of America reduced their price objective on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, October 3rd. Citigroup reduced their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Evercore ISI reduced their target price on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.63.

Conagra Brands Company Profile

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.