Kwmg LLC boosted its position in Conagra Brands Inc (NYSE:CAG) by 17.1% in the first quarter, HoldingsChannel reports. The firm owned 77,690 shares of the company’s stock after acquiring an additional 11,334 shares during the period. Kwmg LLC’s holdings in Conagra Brands were worth $2,155,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Old North State Trust LLC increased its holdings in shares of Conagra Brands by 23.9% during the first quarter. Old North State Trust LLC now owns 1,953 shares of the company’s stock valued at $54,000 after acquiring an additional 377 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in shares of Conagra Brands by 4.1% during the first quarter. Eqis Capital Management Inc. now owns 9,947 shares of the company’s stock valued at $276,000 after acquiring an additional 396 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of Conagra Brands by 0.7% during the fourth quarter. Suntrust Banks Inc. now owns 59,350 shares of the company’s stock valued at $1,268,000 after acquiring an additional 440 shares in the last quarter. Kaizen Advisory LLC increased its holdings in shares of Conagra Brands by 47.3% during the fourth quarter. Kaizen Advisory LLC now owns 1,380 shares of the company’s stock valued at $29,000 after acquiring an additional 443 shares in the last quarter. Finally, Home Federal Bank of Tennessee increased its holdings in shares of Conagra Brands by 5.0% during the first quarter. Home Federal Bank of Tennessee now owns 9,845 shares of the company’s stock valued at $273,000 after acquiring an additional 465 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

NYSE CAG traded up $0.01 during trading hours on Tuesday, reaching $30.89. The stock had a trading volume of 4,345,898 shares, compared to its average volume of 8,064,692. The firm has a market cap of $14.97 billion, a P/E ratio of 14.64, a P/E/G ratio of 2.21 and a beta of 0.77. Conagra Brands Inc has a 52-week low of $20.22 and a 52-week high of $39.43. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 1.49.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, March 21st. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.75 billion. Conagra Brands had a return on equity of 16.40% and a net margin of 6.99%. Conagra Brands’s revenue for the quarter was up 35.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. As a group, research analysts expect that Conagra Brands Inc will post 2.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, April 29th. Conagra Brands’s payout ratio is 40.28%.

Several equities analysts have recently issued reports on CAG shares. Zacks Investment Research restated a “sell” rating on shares of Conagra Brands in a report on Monday, December 31st. Credit Suisse Group upped their price objective on shares of Conagra Brands from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Goldman Sachs Group downgraded shares of Conagra Brands from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. ValuEngine upgraded shares of Conagra Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Bank of America set a $30.00 price objective on shares of Conagra Brands and gave the company a “buy” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Conagra Brands presently has a consensus rating of “Buy” and an average target price of $37.90.

In other Conagra Brands news, Director Joie A. Gregor bought 10,000 shares of Conagra Brands stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $29.99 per share, with a total value of $299,900.00. Following the purchase, the director now directly owns 145,440 shares in the company, valued at approximately $4,361,745.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

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About Conagra Brands

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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