Cibc World Markets Corp Reduces Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Cibc World Markets Corp lessened its stake in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 47.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,531 shares of the company’s stock after selling 54,700 shares during the quarter. Cibc World Markets Corp’s holdings in Conagra Brands were worth $1,763,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its holdings in shares of Conagra Brands by 5.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 7,894 shares of the company’s stock valued at $226,000 after acquiring an additional 403 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Conagra Brands by 48.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after buying an additional 454 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Conagra Brands by 31.7% in the fourth quarter. Blue Trust Inc. now owns 1,967 shares of the company’s stock worth $55,000 after buying an additional 473 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in shares of Conagra Brands by 6.5% in the fourth quarter. Stonegate Investment Group LLC now owns 8,165 shares of the company’s stock worth $234,000 after buying an additional 500 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Conagra Brands by 4.1% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,870 shares of the company’s stock worth $380,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Insider Buying and Selling

In related news, EVP Charisse Brock sold 15,444 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the sale, the executive vice president now owns 113,254 shares in the company, valued at $3,439,523.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CAG has been the topic of a number of research reports. Citigroup raised their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Stifel Nicolaus raised their price objective on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Barclays lifted their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company lifted their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.14.

View Our Latest Report on CAG

Conagra Brands Trading Up 0.6 %

Conagra Brands stock opened at $29.72 on Monday. The stock has a market cap of $14.21 billion, a P/E ratio of 14.93, a PEG ratio of 2.91 and a beta of 0.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. Conagra Brands, Inc. has a 1 year low of $25.16 and a 1 year high of $35.10. The firm’s 50 day moving average price is $30.43 and its 200-day moving average price is $29.27.

Conagra Brands (NYSE:CAGGet Free Report) last released its quarterly earnings data on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Conagra Brands, Inc. will post 2.62 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, April 30th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Monday, April 29th. Conagra Brands’s dividend payout ratio is presently 70.35%.

About Conagra Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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