Barings LLC lifted its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 176.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,608 shares of the company’s stock after buying an additional 40,000 shares during the period. Barings LLC’s holdings in Conagra Brands were worth $2,358,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Conagra Brands by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,392,135 shares of the company’s stock worth $49,786,000 after purchasing an additional 31,340 shares during the last quarter. Macquarie Group Ltd. grew its position in Conagra Brands by 120.2% in the 2nd quarter. Macquarie Group Ltd. now owns 19,600 shares of the company’s stock worth $701,000 after purchasing an additional 10,700 shares during the last quarter. Davidson Kempner Capital Management LP bought a new position in Conagra Brands in the 2nd quarter worth about $5,364,000. Eqis Capital Management Inc. grew its position in Conagra Brands by 19.7% in the 3rd quarter. Eqis Capital Management Inc. now owns 25,321 shares of the company’s stock worth $854,000 after purchasing an additional 4,176 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in Conagra Brands by 151.7% in the 3rd quarter. Shell Asset Management Co. now owns 103,390 shares of the company’s stock worth $3,416,000 after purchasing an additional 62,319 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Colleen Batcheler sold 120,451 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $37.50, for a total transaction of $4,516,912.50. Following the completion of the sale, the executive vice president now directly owns 211,514 shares of the company’s stock, valued at $7,931,775. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert G. Wise sold 23,170 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $37.87, for a total transaction of $877,447.90. Following the sale, the senior vice president now directly owns 51,859 shares of the company’s stock, valued at $1,963,900.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,121 shares of company stock valued at $5,793,780. Company insiders own 0.79% of the company’s stock.
Shares of Conagra Brands Inc (NYSE CAG) opened at $36.25 on Friday. The firm has a market cap of $14,520.00, a P/E ratio of 21.58, a PEG ratio of 2.35 and a beta of 0.27. Conagra Brands Inc has a one year low of $32.16 and a one year high of $41.68. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86.
Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, December 21st. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. research analysts anticipate that Conagra Brands Inc will post 1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be paid a dividend of $0.213 per share. The ex-dividend date of this dividend is Monday, January 29th. This is a positive change from Conagra Brands’s previous quarterly dividend of $0.21. This represents a $0.85 annualized dividend and a yield of 2.35%. Conagra Brands’s dividend payout ratio is currently 50.60%.
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About Conagra Brands
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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