Conagra Brands Inc (CAG) Stake Decreased by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,474 shares of the company’s stock after selling 4,225 shares during the period. Keybank National Association OH’s holdings in Conagra Brands were worth $1,035,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Vantage Investment Advisors LLC raised its position in Conagra Brands by 625.7% in the 4th quarter. Vantage Investment Advisors LLC now owns 2,990 shares of the company’s stock valued at $113,000 after buying an additional 2,578 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in Conagra Brands in the 4th quarter valued at approximately $114,000. Meeder Asset Management Inc. acquired a new stake in Conagra Brands in the 4th quarter valued at approximately $161,000. Strategic Financial Services Inc acquired a new stake in Conagra Brands in the 4th quarter valued at approximately $203,000. Finally, Iberiabank Corp acquired a new stake in Conagra Brands in the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 81.33% of the company’s stock.

A number of equities research analysts recently issued reports on CAG shares. Zacks Investment Research raised Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, November 22nd. Stifel Nicolaus raised Conagra Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $36.00 to $38.00 in a research report on Sunday, October 29th. They noted that the move was a valuation call. Credit Suisse Group set a $40.00 target price on Conagra Brands and gave the company a “hold” rating in a research report on Monday, December 25th. Sanford C. Bernstein raised Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Finally, UBS Group raised Conagra Brands from a “sell” rating to a “neutral” rating and lifted their target price for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.50.

In other Conagra Brands news, SVP Robert G. Wise sold 23,170 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $37.87, for a total transaction of $877,447.90. Following the transaction, the senior vice president now owns 51,859 shares of the company’s stock, valued at approximately $1,963,900.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joie A. Gregor sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $38.04, for a total value of $199,710.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,121 shares of company stock worth $5,793,780 in the last ninety days. Insiders own 0.79% of the company’s stock.

Conagra Brands Inc (NYSE CAG) opened at $35.94 on Friday. The firm has a market capitalization of $14,299.59, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 2.27 and a beta of 0.27. Conagra Brands Inc has a 1 year low of $32.16 and a 1 year high of $41.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.54 and a current ratio of 1.11.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. sell-side analysts forecast that Conagra Brands Inc will post 1.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th will be given a dividend of $0.213 per share. This is a positive change from Conagra Brands’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, January 29th. This represents a $0.85 annualized dividend and a dividend yield of 2.37%. Conagra Brands’s payout ratio is 50.90%.

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Conagra Brands Company Profile

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.

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

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