Tredje AP fonden trimmed its position in Conagra Brands Inc. (NYSE:CAG) by 35.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,785 shares of the company’s stock after selling 25,031 shares during the period. Tredje AP fonden’s holdings in Conagra Brands were worth $1,511,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. IndexIQ Advisors LLC raised its stake in shares of Conagra Brands by 0.4% during the 2nd quarter. IndexIQ Advisors LLC now owns 9,828 shares of the company’s stock worth $352,000 after buying an additional 36 shares during the last quarter. Conning Inc. raised its stake in shares of Conagra Brands by 0.6% during the 2nd quarter. Conning Inc. now owns 11,616 shares of the company’s stock worth $415,000 after buying an additional 70 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Conagra Brands by 1.8% during the 2nd quarter. Synovus Financial Corp now owns 8,884 shares of the company’s stock worth $318,000 after buying an additional 155 shares during the last quarter. MUFG Americas Holdings Corp raised its stake in shares of Conagra Brands by 1.5% during the 2nd quarter. MUFG Americas Holdings Corp now owns 13,810 shares of the company’s stock worth $494,000 after buying an additional 208 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in shares of Conagra Brands by 0.8% during the 2nd quarter. MML Investors Services LLC now owns 27,246 shares of the company’s stock worth $974,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Shares of Conagra Brands Inc. (NYSE:CAG) opened at $37.25 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 1.03. The company has a market capitalization of $15,147.11, a PE ratio of 20.60, a P/E/G ratio of 2.80 and a beta of 0.37. Conagra Brands Inc. has a 52-week low of $32.16 and a 52-week high of $41.68.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, September 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. analysts expect that Conagra Brands Inc. will post 1.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, October 13th were issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 60.28%.

Several research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating and set a $39.00 price target on shares of Conagra Brands in a research note on Friday, August 11th. BidaskClub raised Conagra Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, November 22nd. Morgan Stanley dropped their price objective on Conagra Brands from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, September 25th. Finally, Stifel Nicolaus upgraded Conagra Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $38.00 in a research report on Sunday, October 29th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.03.

In other Conagra Brands news, EVP Colleen Batcheler sold 120,451 shares of Conagra Brands stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total value of $4,516,912.50. Following the completion of the sale, the executive vice president now owns 211,514 shares in the company, valued at approximately $7,931,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by insiders.

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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.

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

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