Great West Life Assurance Co. Can lowered its position in shares of Conagra Brands Inc (NYSE:CAG) by 27.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,316 shares of the company’s stock after selling 124,767 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Conagra Brands were worth $11,227,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Pictet Asset Management Ltd. raised its position in shares of Conagra Brands by 14.2% during the third quarter. Pictet Asset Management Ltd. now owns 422,932 shares of the company’s stock valued at $14,367,000 after buying an additional 52,733 shares during the last quarter. Korea Investment CORP raised its position in shares of Conagra Brands by 13.7% during the third quarter. Korea Investment CORP now owns 1,778,044 shares of the company’s stock valued at $60,400,000 after buying an additional 214,219 shares during the last quarter. Westpac Banking Corp raised its position in shares of Conagra Brands by 40.7% during the third quarter. Westpac Banking Corp now owns 50,152 shares of the company’s stock valued at $1,704,000 after buying an additional 14,499 shares during the last quarter. Credit Suisse AG raised its position in shares of Conagra Brands by 16.2% during the third quarter. Credit Suisse AG now owns 817,034 shares of the company’s stock valued at $27,755,000 after buying an additional 114,097 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Conagra Brands by 20.4% during the third quarter. Schroder Investment Management Group now owns 66,481 shares of the company’s stock valued at $2,258,000 after buying an additional 11,263 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of CAG opened at $31.62 on Friday. Conagra Brands Inc has a fifty-two week low of $30.90 and a fifty-two week high of $39.43. The firm has a market capitalization of $12.57 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.14. The company has a current ratio of 0.84, a quick ratio of 0.39 and a debt-to-equity ratio of 0.85.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, September 27th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). Conagra Brands had a return on equity of 22.50% and a net margin of 10.47%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts anticipate that Conagra Brands Inc will post 2.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Wednesday, January 30th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 2.69%. Conagra Brands’s dividend payout ratio is presently 40.28%.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group set a $44.00 price target on shares of Conagra Brands and gave the stock a “buy” rating in a research report on Thursday, September 27th. UBS Group upgraded shares of Conagra Brands from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $40.00 in a research report on Monday, October 8th. Zacks Investment Research cut shares of Conagra Brands from a “buy” rating to a “sell” rating in a research report on Wednesday, September 26th. Goldman Sachs Group restated a “buy” rating and issued a $42.00 price target on shares of Conagra Brands in a research report on Wednesday, October 24th. Finally, ValuEngine upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.20.

In other news, CFO David S. Marberger acquired 2,836 shares of the company’s stock in a transaction on Friday, October 12th. The stock was bought at an average cost of $35.25 per share, with a total value of $99,969.00. Following the completion of the purchase, the chief financial officer now directly owns 12,721 shares of the company’s stock, valued at $448,415.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sean Connolly acquired 14,184 shares of the company’s stock in a transaction on Friday, October 12th. The shares were purchased at an average cost of $35.25 per share, with a total value of $499,986.00. Following the completion of the purchase, the insider now directly owns 217,607 shares of the company’s stock, valued at $7,670,646.75. The disclosure for this purchase can be found here. Insiders have acquired 24,112 shares of company stock valued at $849,948 over the last ninety days. 0.92% of the stock is owned by insiders.

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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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