Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in Conagra Brands, Inc. (NYSE:CAG – Get Rating) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,488 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Conagra Brands were worth $4,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Utah Retirement Systems boosted its holdings in shares of Conagra Brands by 0.4% in the third quarter. Utah Retirement Systems now owns 83,870 shares of the company’s stock valued at $2,737,000 after acquiring an additional 300 shares in the last quarter. NorthRock Partners LLC bought a new position in shares of Conagra Brands in the fourth quarter valued at approximately $261,000. Envestnet Asset Management Inc. boosted its holdings in shares of Conagra Brands by 4.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,234,029 shares of the company’s stock valued at $40,266,000 after acquiring an additional 51,950 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Conagra Brands by 16.1% in the third quarter. TD Asset Management Inc. now owns 182,749 shares of the company’s stock valued at $6,078,000 after acquiring an additional 25,308 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Conagra Brands by 14.7% in the third quarter. Park Avenue Securities LLC now owns 10,746 shares of the company’s stock valued at $351,000 after acquiring an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

Conagra Brands Trading Up 0.1 %

Conagra Brands stock opened at $35.84 on Friday. The company has a 50 day moving average price of $37.16 and a 200 day moving average price of $37.22. Conagra Brands, Inc. has a 52 week low of $31.01 and a 52 week high of $41.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.32 and a current ratio of 0.97. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 2.04 and a beta of 0.56.

Conagra Brands (NYSE:CAG – Get Rating) last posted its quarterly earnings data on Wednesday, April 5th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. Conagra Brands had a net margin of 6.59% and a return on equity of 15.34%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the business posted $0.58 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Research analysts forecast that Conagra Brands, Inc. will post 2.76 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, April 28th will be given a $0.33 dividend. The ex-dividend date is Thursday, April 27th. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. Conagra Brands’s payout ratio is 79.04%.

Insiders Place Their Bets

In other Conagra Brands news, EVP Charisse Brock sold 7,036 shares of the stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $37.04, for a total value of $260,613.44. Following the completion of the sale, the executive vice president now owns 94,802 shares in the company, valued at approximately $3,511,466.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Thomas M. Mcgough sold 45,000 shares of Conagra Brands stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $38.66, for a total value of $1,739,700.00. Following the completion of the sale, the chief operating officer now owns 104,859 shares of the company’s stock, valued at approximately $4,053,848.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charisse Brock sold 7,036 shares of Conagra Brands stock in a transaction on Friday, April 14th. The shares were sold at an average price of $37.04, for a total transaction of $260,613.44. Following the completion of the sale, the executive vice president now directly owns 94,802 shares of the company’s stock, valued at approximately $3,511,466.08. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Conagra Brands from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 6th. Bank of America raised their target price on shares of Conagra Brands from $40.00 to $42.00 in a report on Thursday, April 6th. Credit Suisse Group raised their target price on shares of Conagra Brands from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, March 31st. StockNews.com cut shares of Conagra Brands from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Stifel Nicolaus assumed coverage on shares of Conagra Brands in a report on Thursday, April 13th. They set a “hold” rating and a $43.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and an average target price of $41.00.

Conagra Brands Company Profile

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Conagra Brands, Inc engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks, Refrigerated and Frozen, International, and Foodservice. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.