Fidelis Capital Partners LLC Invests $177,000 in Conagra Brands, Inc. (NYSE:CAG)

Fidelis Capital Partners LLC purchased a new position in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,979 shares of the company’s stock, valued at approximately $177,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank boosted its position in Conagra Brands by 0.5% during the first quarter. Czech National Bank now owns 84,105 shares of the company’s stock valued at $2,493,000 after purchasing an additional 392 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Conagra Brands by 5.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 7,894 shares of the company’s stock worth $226,000 after buying an additional 403 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in 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. Blue Trust Inc. lifted its position 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 valued at $55,000 after buying an additional 473 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its position 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 valued at $234,000 after buying an additional 500 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Up 0.6 %

NYSE CAG opened at $28.42 on Tuesday. The business has a fifty day moving average price of $29.63 and a two-hundred day moving average price of $29.22. The stock has a market capitalization of $13.59 billion, a PE ratio of 14.28, a PEG ratio of 2.74 and a beta of 0.32. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $33.60. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th were given 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 is presently 70.35%.

Analyst Ratings Changes

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

Get Our Latest Stock Report on Conagra Brands

Insider Transactions at Conagra Brands

In related news, EVP Charisse Brock sold 15,444 shares of the company’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 transaction of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at approximately $3,439,523.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.88% of the company’s stock.

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.

Further Reading

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

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