Vanguard Personalized Indexing Management LLC Buys 25,633 Shares of Conagra Brands, Inc. (NYSE:CAG)

Vanguard Personalized Indexing Management LLC increased its stake in Conagra Brands, Inc. (NYSE:CAG) by 39.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,283 shares of the company’s stock after buying an additional 25,633 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Conagra Brands were worth $2,565,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC grew its holdings in Conagra Brands by 21.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 12,329 shares of the company’s stock worth $353,000 after purchasing an additional 2,157 shares during the period. Norges Bank purchased a new stake in Conagra Brands in the fourth quarter worth about $140,473,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Conagra Brands by 74.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,790 shares of the company’s stock worth $625,000 after purchasing an additional 9,322 shares during the period. PNC Financial Services Group Inc. grew its holdings in Conagra Brands by 0.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 215,361 shares of the company’s stock worth $6,172,000 after purchasing an additional 1,306 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Conagra Brands by 18.2% during the fourth quarter. Assetmark Inc. now owns 19,088 shares of the company’s stock valued at $547,000 after buying an additional 2,945 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CAG shares. Stifel Nicolaus cut their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Bank of America increased their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada lowered their price target on Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company dropped their target price on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, Evercore ISI lowered their price objective on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and an average price target of $31.10.

Conagra Brands Trading Down 0.3 %

Shares of CAG stock opened at $32.30 on Friday. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 44.25, a price-to-earnings-growth ratio of 2.88 and a beta of 0.32. The stock’s 50-day moving average price is $30.79 and its 200-day moving average price is $29.99. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $33.24.

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

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.33%. Conagra Brands’s dividend payout ratio (DPR) is 191.78%.

Insider Activity

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Conagra Brands 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.