Private Advisor Group LLC Has $4.06 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

Private Advisor Group LLC lowered its position in Conagra Brands, Inc. (NYSE:CAG) by 5.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 124,914 shares of the company’s stock after selling 7,362 shares during the period. Private Advisor Group LLC’s holdings in Conagra Brands were worth $4,062,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CAG. Chilton Capital Management LLC acquired a new position in Conagra Brands in the second quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Conagra Brands in the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC lifted its stake in shares of Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after purchasing an additional 420 shares during the period. Whittier Trust Co. boosted its position in shares of Conagra Brands by 144.4% during the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after purchasing an additional 836 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Conagra Brands during the first quarter worth approximately $44,000. 83.75% of the stock is owned by institutional investors.

Insider Activity at Conagra Brands

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 161,443 shares in the company, valued at approximately $4,890,108.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.88% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CAG. Wells Fargo & Company increased their price target on Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a report on Thursday, October 3rd. Stifel Nicolaus decreased their price target 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. Bank of America cut their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 3rd. Finally, Evercore ISI decreased their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands presently has an average rating of “Hold” and a consensus price target of $31.63.

Conagra Brands Price Performance

CAG stock opened at $29.43 on Monday. 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 business has a 50-day simple moving average of $31.06 and a two-hundred day simple moving average of $30.25. The company has a market capitalization of $14.07 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32. Conagra Brands, Inc. has a 52-week low of $26.62 and a 52-week high of $33.24.

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

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands’s payout ratio is currently 191.78%.

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.