Bokf Na Sells 1,254 Shares of Conagra Brands, Inc. (NYSE:CAG)

Bokf Na lessened its position in Conagra Brands, Inc. (NYSE:CAG) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,519 shares of the company’s stock after selling 1,254 shares during the period. Bokf Na’s holdings in Conagra Brands were worth $668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Conagra Brands in the second quarter worth approximately $25,000. Chilton Capital Management LLC bought a new position in Conagra Brands during the second quarter valued at approximately $25,000. Whittier Trust Co. lifted its position 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 purchasing an additional 836 shares during the period. LRI Investments LLC bought a new position in Conagra Brands during the first quarter valued at approximately $42,000. Finally, Security National Bank bought a new position in Conagra Brands during the fourth quarter valued at approximately $48,000. Institutional investors own 83.75% of the company’s stock.

Insider Buying and Selling

In related news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction dated 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

Conagra Brands Price Performance

CAG stock opened at $32.05 on Monday. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $30.47 and a two-hundred day simple moving average of $29.89. The firm has a market capitalization of $15.35 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 2.88 and a beta of 0.32.

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

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.37%. Conagra Brands’s dividend payout ratio is presently 191.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup lowered their price objective 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. Evercore ISI reduced their target price on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Barclays reduced their target price on shares of Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Wells Fargo & Company reduced their target price on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Stifel Nicolaus reduced 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 note on Friday, July 12th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.78.

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.