Conagra Brands Inc (CAG) Holdings Cut by Unigestion Holding SA

Unigestion Holding SA lessened its position in Conagra Brands Inc (NYSE:CAG) by 89.6% during the third quarter, Holdings Channel reports. The fund owned 204,432 shares of the company’s stock after selling 1,759,625 shares during the period. Unigestion Holding SA’s holdings in Conagra Brands were worth $6,945,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CAG. Fort L.P. bought a new stake in Conagra Brands in the 2nd quarter worth $117,000. JNBA Financial Advisors grew its holdings in Conagra Brands by 761.4% in the 3rd quarter. JNBA Financial Advisors now owns 4,393 shares of the company’s stock worth $149,000 after acquiring an additional 3,883 shares during the last quarter. Bray Capital Advisors bought a new stake in Conagra Brands in the 3rd quarter worth $170,000. LFA Lugano Financial Advisors SA grew its holdings in Conagra Brands by 137.6% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 5,153 shares of the company’s stock worth $175,000 after acquiring an additional 2,984 shares during the last quarter. Finally, Lucia Wealth Services LLC bought a new stake in Conagra Brands in the 2nd quarter worth $184,000. 81.97% of the stock is currently owned by institutional investors and hedge funds.

In other Conagra Brands news, insider Sean Connolly purchased 14,184 shares of the 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 transaction, the insider now directly owns 217,607 shares in the company, valued at approximately $7,670,646.75. The transaction 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 stock in a transaction that occurred on Friday, October 12th. The shares were acquired at an average cost of $35.25 per share, with a total value of $99,969.00. Following the completion of the transaction, the chief financial officer now owns 12,721 shares in the company, valued at $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 currently owned by corporate insiders.

A number of brokerages have recently weighed in on CAG. ValuEngine raised shares of Conagra Brands from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. UBS Group raised shares of Conagra Brands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $38.00 to $40.00 in a research note on Monday, October 8th. Zacks Investment Research lowered shares of Conagra Brands from a “buy” rating to a “sell” rating in a research note on Wednesday, September 26th. Stephens began coverage on shares of Conagra Brands in a research note on Monday, August 20th. They set an “overweight” rating and a $45.00 target price on the stock. Finally, Credit Suisse Group began coverage on shares of Conagra Brands in a research note on Wednesday, October 31st. They set a “neutral” rating and a $40.00 target price on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $42.70.

Shares of CAG opened at $34.39 on Friday. The stock has a market cap of $13.63 billion, a PE ratio of 16.30, a P/E/G ratio of 2.02 and a beta of 0.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.39 and a current ratio of 0.84. Conagra Brands Inc has a 1-year low of $32.81 and a 1-year high of $39.43.

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

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