Conagra Brands Inc. (NYSE:CAG) EVP Colleen Batcheler sold 133,869 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $34.28, for a total value of $4,589,029.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Conagra Brands Inc. (CAG) opened at 33.76 on Friday. Conagra Brands Inc. has a 52-week low of $32.16 and a 52-week high of $41.68. The firm has a 50-day moving average price of $33.96 and a 200 day moving average price of $36.11. The stock has a market cap of $13.79 billion, a PE ratio of 24.27 and a beta of 0.31.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, September 28th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. On average, analysts forecast that Conagra Brands Inc. will post $1.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 13th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Monday, October 30th. Conagra Brands’s payout ratio is 60.28%.

Conagra Brands announced that its board has approved a share buyback program on Thursday, June 29th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Conagra Brands Inc. (CAG) EVP Sells $4,589,029.32 in Stock” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/conagra-brands-inc-cag-evp-sells-4589029-32-in-stock/1642331.html.

CAG has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Conagra Brands in a research report on Tuesday, October 3rd. Zacks Investment Research raised Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Conagra Brands in a research report on Friday, September 29th. Morgan Stanley cut their target price on Conagra Brands from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, September 25th. Finally, Credit Suisse Group cut their target price on Conagra Brands from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.24.

Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new stake in shares of Conagra Brands in the 1st quarter worth $110,000. Sun Life Financial INC increased its holdings in shares of Conagra Brands by 32,666.7% in the 2nd quarter. Sun Life Financial INC now owns 2,949 shares of the company’s stock worth $105,000 after purchasing an additional 2,940 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Conagra Brands by 143.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,139 shares of the company’s stock worth $112,000 after purchasing an additional 1,851 shares in the last quarter. Alpha Windward LLC increased its holdings in shares of Conagra Brands by 5.8% in the 2nd quarter. Alpha Windward LLC now owns 3,578 shares of the company’s stock worth $128,000 after purchasing an additional 196 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Conagra Brands by 53.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,833 shares of the company’s stock worth $137,000 after purchasing an additional 1,333 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Conagra Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.