BNP Paribas Financial Markets Raises Stock Position in Conagra Brands, Inc. (NYSE:CAG)

BNP Paribas Financial Markets grew its stake in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 749,224 shares of the company’s stock after purchasing an additional 162,188 shares during the period. BNP Paribas Financial Markets owned approximately 0.16% of Conagra Brands worth $22,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First United Bank & Trust bought a new stake in Conagra Brands during the 4th quarter valued at approximately $26,000. Naples Money Management LLC bought a new stake in shares of Conagra Brands during the fourth quarter valued at approximately $26,000. Advantage Trust Co purchased a new position in Conagra Brands during the fourth quarter valued at $34,000. Parkside Financial Bank & Trust boosted its holdings in shares of Conagra Brands by 48.1% during the 4th 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 in the last quarter. Finally, Bogart Wealth LLC grew its position in shares of Conagra Brands by 143.3% in the 4th quarter. Bogart Wealth LLC now owns 1,550 shares of the company’s stock worth $44,000 after buying an additional 913 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.4 %

NYSE:CAG opened at $28.24 on Monday. The company has a market cap of $13.50 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.74 and a beta of 0.32. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $29.68 and a two-hundred day simple moving average of $29.22. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $33.71.

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

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.96%. Conagra Brands’s dividend payout ratio is currently 70.35%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CAG. Citigroup lowered their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Barclays boosted their target price on Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Stifel Nicolaus raised their price target on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company upped their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.00.

View Our Latest Analysis on Conagra Brands

Insider Activity

In related news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction that occurred 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 owns 113,254 shares of the company’s stock, valued at $3,439,523.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.88% of the company’s stock.

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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