Hummer Financial Advisory Services Inc Buys 615 Shares of Conagra Brands, Inc. (NYSE:CAG)

Hummer Financial Advisory Services Inc raised its stake in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 7.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,380 shares of the company’s stock after acquiring an additional 615 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Conagra Brands were worth $278,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAG. Czech National Bank grew its holdings in Conagra Brands by 0.5% during the 1st quarter. Czech National Bank now owns 84,105 shares of the company’s stock valued at $2,493,000 after buying an additional 392 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Conagra Brands by 5.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,894 shares of the company’s stock valued at $226,000 after acquiring an additional 403 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Conagra Brands by 48.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock valued at $40,000 after acquiring an additional 454 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Conagra Brands by 31.7% in the fourth quarter. Blue Trust Inc. now owns 1,967 shares of the company’s stock valued at $55,000 after acquiring an additional 473 shares in the last quarter. Finally, Stonegate Investment Group LLC raised its holdings in shares of Conagra Brands by 6.5% in the fourth quarter. Stonegate Investment Group LLC now owns 8,165 shares of the company’s stock valued at $234,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 83.75% of the company’s stock.

Insider Buying and Selling

In related news, EVP Charisse Brock sold 15,444 shares of Conagra Brands stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total transaction of $469,034.28. Following the completion of the sale, the executive vice president now owns 113,254 shares of the company’s stock, valued at $3,439,523.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAG. Barclays lifted their price objective on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Citigroup lifted their target price on Conagra Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Stifel Nicolaus lifted their target price on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company lifted their target price on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.14.

View Our Latest Analysis on CAG

Conagra Brands Stock Up 1.1 %

Shares of CAG stock traded up $0.32 during trading hours on Friday, reaching $28.82. 6,243,027 shares of the company’s stock were exchanged, compared to its average volume of 3,526,117. Conagra Brands, Inc. has a 1 year low of $25.16 and a 1 year high of $34.65. The stock has a market cap of $13.78 billion, a PE ratio of 14.48, a PEG ratio of 2.79 and a beta of 0.32. The company has a current ratio of 0.95, a quick ratio of 0.33 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average price is $30.13 and its two-hundred day moving average price is $29.29.

Conagra Brands (NYSE:CAGGet Free Report) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. Research analysts predict that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

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

Conagra Brands Profile

(Free Report)

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.

Further Reading

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

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