Cornerstone Advisors Inc. lifted its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 48.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,412 shares of the company’s stock after purchasing an additional 463 shares during the period. Cornerstone Advisors Inc.’s holdings in Conagra Brands were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CAG. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Conagra Brands by 3.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 47,149 shares of the company’s stock worth $1,604,000 after purchasing an additional 1,415 shares during the last quarter. AXA boosted its holdings in Conagra Brands by 42.1% in the fourth quarter. AXA now owns 11,549 shares of the company’s stock valued at $395,000 after acquiring an additional 3,419 shares during the last quarter. Profund Advisors LLC boosted its holdings in Conagra Brands by 8.4% in the fourth quarter. Profund Advisors LLC now owns 9,408 shares of the company’s stock valued at $322,000 after acquiring an additional 726 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Conagra Brands in the fourth quarter valued at about $10,597,000. Finally, Pearl River Capital LLC bought a new position in Conagra Brands in the fourth quarter valued at about $252,000. Institutional investors own 82.53% of the company’s stock.

In related news, insider Thomas M. Mcgough sold 80,615 shares of Conagra Brands stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.00, for a total value of $2,821,525.00. Following the sale, the insider now owns 226,484 shares of the company’s stock, valued at approximately $7,926,940. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Biegger sold 33,634 shares of Conagra Brands stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $37.66, for a total value of $1,266,656.44. Following the completion of the sale, the executive vice president now directly owns 66,697 shares in the company, valued at approximately $2,511,809.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 364,422 shares of company stock worth $13,145,465. 0.84% of the stock is currently owned by insiders.

Several research firms recently issued reports on CAG. SunTrust Banks cut Conagra Brands from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a report on Monday, May 11th. ValuEngine cut Conagra Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, July 2nd. Standpoint Research lowered Conagra Brands from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Stifel Nicolaus increased their target price on Conagra Brands from $36.00 to $39.00 in a research note on Wednesday, July 1st. Finally, Deutsche Bank increased their target price on Conagra Brands from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.29.

NYSE CAG opened at $37.45 on Friday. The firm has a market cap of $18.25 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.23 and a beta of 0.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.46. The stock’s 50-day moving average is $35.17 and its 200-day moving average is $32.41. Conagra Brands Inc has a one year low of $22.83 and a one year high of $37.82.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.13 billion. Conagra Brands had a return on equity of 14.38% and a net margin of 7.60%. Conagra Brands’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Equities analysts anticipate that Conagra Brands Inc will post 2.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 4th will be given a dividend of $0.2125 per share. 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 dividend payout ratio is currently 37.28%.

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

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