Park Avenue Securities LLC Purchases 1,794 Shares of Conagra Brands, Inc. (NYSE:CAG)

Park Avenue Securities LLC lifted its position in Conagra Brands, Inc. (NYSE:CAGFree Report) by 17.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,903 shares of the company’s stock after buying an additional 1,794 shares during the period. Park Avenue Securities LLC’s holdings in Conagra Brands were worth $353,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. First United Bank & Trust acquired a new stake in shares of Conagra Brands during the fourth quarter worth about $26,000. Naples Money Management LLC acquired a new stake in Conagra Brands during the 4th quarter worth approximately $26,000. Advantage Trust Co bought a new position in Conagra Brands in the fourth quarter valued at approximately $34,000. 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 valued at $40,000 after buying an additional 454 shares during the period. Finally, Bogart Wealth LLC increased its position in shares of Conagra Brands by 143.3% during the fourth quarter. Bogart Wealth LLC now owns 1,550 shares of the company’s stock worth $44,000 after acquiring an additional 913 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the company’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 transaction, the executive vice president now directly owns 113,254 shares in the company, valued at $3,439,523.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.88% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $28.42 on Monday. The company has a fifty day moving average price of $29.98 and a two-hundred day moving average price of $29.26. Conagra Brands, Inc. has a one year low of $25.16 and a one year high of $34.38. The stock has a market cap of $13.59 billion, a P/E ratio of 14.28, a P/E/G ratio of 2.76 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 (NYSE:CAGGet Free Report) last issued its earnings results 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. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. Conagra Brands’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. As a group, equities analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current 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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Monday, April 29th. Conagra Brands’s dividend payout ratio (DPR) is presently 70.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CAG shares. Barclays upped their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price objective on Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Citigroup cut their target price on Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus raised their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.00.

Read Our Latest Report on Conagra Brands

Conagra Brands Profile

(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.

See Also

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

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