Chicago Partners Investment Group LLC Has $333,000 Holdings in Conagra Brands Inc (CAG)

Chicago Partners Investment Group LLC grew its stake in Conagra Brands Inc (NYSE:CAG) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,270 shares of the company’s stock after buying an additional 1,476 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Conagra Brands were worth $333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. HPM Partners LLC grew its position in shares of Conagra Brands by 7.8% during the second quarter. HPM Partners LLC now owns 18,986 shares of the company’s stock worth $678,000 after purchasing an additional 1,373 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Conagra Brands by 6.0% during the second quarter. Baird Financial Group Inc. now owns 24,824 shares of the company’s stock worth $887,000 after purchasing an additional 1,415 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in shares of Conagra Brands by 0.9% during the second quarter. Tocqueville Asset Management L.P. now owns 178,140 shares of the company’s stock worth $6,365,000 after purchasing an additional 1,502 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Conagra Brands by 5.8% during the second quarter. Captrust Financial Advisors now owns 29,516 shares of the company’s stock worth $1,055,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Conagra Brands by 2.1% during the second quarter. Ontario Teachers Pension Plan Board now owns 80,125 shares of the company’s stock worth $2,863,000 after purchasing an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 81.97% of the company’s stock.

In other news, insider Sean Connolly purchased 14,184 shares of the company’s stock in a transaction that occurred on Friday, October 12th. The stock was bought at an average cost of $35.25 per share, with a total value of $499,986.00. Following the completion of the purchase, the insider now owns 217,607 shares in the company, valued at $7,670,646.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David S. Marberger purchased 2,836 shares of the company’s stock in a transaction that occurred on Friday, October 12th. The shares were purchased at an average cost of $35.25 per share, with a total value of $99,969.00. Following the completion of the purchase, the chief financial officer now owns 12,721 shares of the company’s stock, valued at approximately $448,415.25. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 24,112 shares of company stock valued at $849,948. 0.92% of the stock is owned by corporate insiders.

Several analysts recently issued reports on CAG shares. UBS Group upgraded Conagra Brands from a “neutral” rating to a “buy” rating and increased their target price for the stock from $38.00 to $40.00 in a research report on Monday, October 8th. Jefferies Financial Group set a $44.00 target price on Conagra Brands and gave the stock a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research cut Conagra Brands from a “buy” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine upgraded Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Finally, Credit Suisse Group started coverage on Conagra Brands in a research report on Wednesday, October 31st. They set a “neutral” rating and a $40.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $42.70.

Shares of Conagra Brands stock opened at $34.39 on Friday. Conagra Brands Inc has a 12 month low of $32.81 and a 12 month high of $39.43. The company has a market cap of $13.63 billion, a P/E ratio of 16.30, a PEG ratio of 2.02 and a beta of 0.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.39.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, September 27th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Conagra Brands had a net margin of 10.47% and a return on equity of 22.50%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $0.46 earnings per share. Conagra Brands’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts predict that Conagra Brands Inc will post 2.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 17th will be paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Tuesday, October 16th. Conagra Brands’s payout ratio is presently 40.28%.

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Conagra Brands Profile

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

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

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