Axa S.A. Has $10.64 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

Axa S.A. raised its holdings in Conagra Brands, Inc. (NYSE:CAG) by 124.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,235 shares of the company’s stock after acquiring an additional 207,687 shares during the period. Axa S.A. owned about 0.08% of Conagra Brands worth $10,636,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CAG. Marshall Wace LLP grew its holdings in shares of Conagra Brands by 1,362.6% during the 2nd quarter. Marshall Wace LLP now owns 2,406,743 shares of the company’s stock valued at $68,400,000 after purchasing an additional 2,242,186 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Conagra Brands by 20.5% during the second 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 acquired a new position in shares of Conagra Brands during the first quarter worth $47,980,000. Squarepoint Ops LLC increased its holdings in shares of Conagra Brands by 148.2% during the second quarter. Squarepoint Ops LLC now owns 2,535,116 shares of the company’s stock worth $72,048,000 after buying an additional 1,513,726 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in shares of Conagra Brands in the 4th quarter valued at $36,069,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Down 0.1 %

CAG opened at $32.46 on Friday. Conagra Brands, Inc. has a twelve month low of $25.16 and a twelve month high of $33.24. The company has a fifty day moving average of $31.16 and a 200-day moving average of $30.18. The stock has a market cap of $15.52 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 2.95 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88.

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

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.31%. The ex-dividend date was Thursday, August 1st. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price objective on Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a report on Monday, August 12th. They issued a “buy” rating and a $36.00 price objective for the company. Citigroup reduced their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Bank of America upped their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company cut their price target on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.10.

Insider Buying and Selling at Conagra Brands

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

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.