Capstone Triton Financial Group LLC Boosts Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Capstone Triton Financial Group LLC grew its holdings in Conagra Brands, Inc. (NYSE:CAG) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,190 shares of the company’s stock after purchasing an additional 1,884 shares during the period. Capstone Triton Financial Group LLC’s holdings in Conagra Brands were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CAG. Chilton Capital Management LLC purchased a new position in Conagra Brands in the 2nd quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Conagra Brands during the second quarter valued at approximately $25,000. Whittier Trust Co. boosted its holdings in shares of Conagra Brands by 144.4% in 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 purchased a new stake in shares of Conagra Brands in the first quarter valued at approximately $44,000. Finally, Security National Bank bought a new position in Conagra Brands in the fourth quarter worth approximately $48,000. 83.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands 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 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 legal filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $32.30 on Friday. The company has a 50 day moving average price of $30.87 and a 200 day moving average price of $30.02. The firm has a market capitalization of $15.44 billion, a P/E ratio of 44.25, a PEG ratio of 2.88 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $33.24.

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

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders 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 annualized dividend and a dividend yield of 4.33%. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAG. Bank of America raised their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays lowered their target price on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Stifel Nicolaus cut their price target on Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada decreased their price objective on Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Citigroup dropped their price objective on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.10.

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.