Capstone Triton Financial Group LLC Increases Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Capstone Triton Financial Group LLC boosted its stake in Conagra Brands, Inc. (NYSE:CAG) by 5.7% during the second quarter, Holdings Channel.com reports. The fund owned 35,190 shares of the company’s stock after purchasing an additional 1,884 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Conagra Brands were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Conagra Brands in the fourth quarter valued at about $140,473,000. Federated Hermes Inc. boosted its holdings in Conagra Brands by 20.5% in the 2nd quarter. Federated Hermes Inc. now owns 11,013,503 shares of the company’s stock worth $313,004,000 after buying an additional 1,871,238 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in Conagra Brands during the 1st quarter worth approximately $47,980,000. Junto Capital Management LP acquired a new position in shares of Conagra Brands during the fourth quarter valued at approximately $36,069,000. Finally, Miller Howard Investments Inc. NY lifted its position in shares of Conagra Brands by 523.8% in the second quarter. Miller Howard Investments Inc. NY now owns 1,446,775 shares of the company’s stock valued at $41,117,000 after acquiring an additional 1,214,859 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

CAG has been the subject of a number of research reports. Bank of America upped their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company reduced their price objective on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI dropped their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Barclays cut their price objective on shares of Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Stifel Nicolaus decreased their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.10.

Insider Transactions at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the completion of the transaction, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Conagra Brands Stock Down 0.3 %

Shares of NYSE CAG opened at $32.30 on Friday. The business’s 50 day moving average is $30.87 and its two-hundred day moving average is $30.02. Conagra Brands, Inc. has a 52-week low of $25.16 and a 52-week high of $33.24. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 2.88 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, July 11th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Research analysts predict that Conagra Brands, Inc. will post 2.61 EPS for the current year.

Conagra Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.33%. Conagra Brands’s dividend payout ratio is currently 191.78%.

Conagra Brands 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.