Conagra Brands, Inc. (NYSE:CAG) Position Reduced by NBC Securities Inc.

NBC Securities Inc. trimmed its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,589 shares of the company’s stock after selling 847 shares during the quarter. NBC Securities Inc.’s holdings in Conagra Brands were worth $224,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Conagra Brands by 2.6% during the 1st quarter. CWM LLC now owns 85,457 shares of the company’s stock valued at $2,533,000 after acquiring an additional 2,165 shares during the last quarter. Arden Trust Co boosted its stake in Conagra Brands by 115.1% during the 1st quarter. Arden Trust Co now owns 22,494 shares of the company’s stock valued at $667,000 after acquiring an additional 12,038 shares during the last quarter. Nomura Holdings Inc. bought a new position in Conagra Brands during the 4th quarter valued at $277,000. HighPoint Advisor Group LLC bought a new position in shares of Conagra Brands in the 4th quarter worth about $259,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Conagra Brands by 0.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 215,361 shares of the company’s stock worth $6,172,000 after buying an additional 1,306 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAG has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their price target on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, April 5th. Stifel Nicolaus raised their price target on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Finally, Barclays raised their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Conagra Brands has a consensus rating of “Hold” and a consensus target price of $33.14.

Conagra Brands Trading Up 1.1 %

Shares of NYSE:CAG opened at $28.82 on Friday. The company has a market cap of $13.78 billion, a PE ratio of 14.48, a P/E/G ratio of 2.79 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81. The company’s 50-day moving average price is $30.13 and its 200 day moving average price is $29.30. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $34.65.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, April 4th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. Conagra Brands’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Sell-side analysts anticipate that Conagra Brands, Inc. will post 2.62 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, April 29th. This represents a $1.40 annualized dividend and a yield of 4.86%. Conagra Brands’s payout ratio is 70.35%.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total transaction of $469,034.28. Following the transaction, the executive vice president now owns 113,254 shares of the company’s stock, valued at approximately $3,439,523.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.