Conagra Brands Inc (NYSE:CAG) EVP David Biegger sold 33,634 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $37.66, for a total transaction of $1,266,656.44. Following the sale, the executive vice president now owns 66,697 shares in the company, valued at approximately $2,511,809.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CAG stock opened at $37.45 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.88 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.23 and a beta of 0.85. Conagra Brands Inc has a 12 month low of $22.83 and a 12 month high of $37.82. The firm has a 50 day moving average of $35.17 and a two-hundred day moving average of $32.41.

Conagra Brands (NYSE:CAG) last posted its earnings results on Tuesday, June 30th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.13 billion. Conagra Brands had a net margin of 7.60% and a return on equity of 14.38%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, research analysts expect that Conagra Brands Inc will post 2.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 4th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, August 3rd. Conagra Brands’s payout ratio is 37.28%.

Several institutional investors have recently modified their holdings of the company. Advanced Asset Management Advisors Inc lifted its stake in shares of Conagra Brands by 32.5% in the second quarter. Advanced Asset Management Advisors Inc now owns 106,000 shares of the company’s stock worth $3,728,000 after buying an additional 26,000 shares during the last quarter. Mackay Shields LLC lifted its stake in shares of Conagra Brands by 3.7% in the second quarter. Mackay Shields LLC now owns 77,355 shares of the company’s stock worth $2,721,000 after buying an additional 2,730 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Conagra Brands by 8.4% in the second quarter. Signaturefd LLC now owns 6,313 shares of the company’s stock worth $222,000 after buying an additional 487 shares during the last quarter. Mitchell Capital Management Co. acquired a new stake in shares of Conagra Brands in the second quarter worth $752,000. Finally, State of Michigan Retirement System lifted its stake in shares of Conagra Brands by 11.5% in the second quarter. State of Michigan Retirement System now owns 124,417 shares of the company’s stock worth $4,376,000 after buying an additional 12,846 shares during the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, April 15th. Jefferies Financial Group raised shares of Conagra Brands to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, June 30th. Standpoint Research downgraded shares of Conagra Brands from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Credit Suisse Group boosted their target price on shares of Conagra Brands from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley boosted their target price on shares of Conagra Brands from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.29.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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