Conagra Brands Inc (CAG) Shares Bought by Barings LLC

Barings LLC lifted its position in Conagra Brands Inc (NYSE:CAG) by 176.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,608 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Barings LLC’s holdings in Conagra Brands were worth $2,358,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. New Mexico Educational Retirement Board lifted its position in shares of Conagra Brands by 6.4% in the 4th quarter. New Mexico Educational Retirement Board now owns 39,947 shares of the company’s stock valued at $1,505,000 after acquiring an additional 2,400 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Conagra Brands in the 4th quarter valued at approximately $695,000. Sentry Investment Management LLC lifted its position in shares of Conagra Brands by 9.0% in the 4th quarter. Sentry Investment Management LLC now owns 32,478 shares of the company’s stock valued at $1,223,000 after acquiring an additional 2,674 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Conagra Brands by 79.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,605 shares of the company’s stock valued at $211,000 after acquiring an additional 2,486 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Conagra Brands by 13.7% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 77,519 shares of the company’s stock valued at $2,920,000 after acquiring an additional 9,325 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

In other Conagra Brands news, SVP Robert G. Wise sold 23,170 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $37.87, for a total value of $877,447.90. Following the transaction, the senior vice president now owns 51,859 shares in the company, valued at approximately $1,963,900.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joie A. Gregor sold 5,250 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $38.04, for a total transaction of $199,710.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,121 shares of company stock worth $5,793,780. Company insiders own 0.79% of the company’s stock.

Several equities research analysts recently commented on CAG shares. Stifel Nicolaus upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $36.00 to $38.00 in a research report on Sunday, October 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, November 22nd. UBS Group upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and upped their price target for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group set a $40.00 price target on shares of Conagra Brands and gave the company a “hold” rating in a research report on Monday, December 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $40.50.

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 price-to-earnings-growth ratio of 2.35 and a beta of 0.27. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.11 and a quick ratio of 0.54. Conagra Brands Inc has a 12 month low of $32.16 and a 12 month high of $41.68.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. equities research analysts expect that Conagra Brands Inc will post 1.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th will be paid a $0.213 dividend. This represents a $0.85 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, January 29th. This is a positive change from Conagra Brands’s previous quarterly dividend of $0.21. Conagra Brands’s dividend payout ratio is currently 50.60%.

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Conagra Brands Company Profile

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

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