Dupont Capital Management Corp decreased its position in shares of Conagra Brands Inc (NYSE:CAG) by 96.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,586 shares of the company’s stock after selling 119,448 shares during the period. Dupont Capital Management Corp’s holdings in Conagra Brands were worth $156,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CAG. Penserra Capital Management LLC grew its position in Conagra Brands by 16.5% in the third quarter. Penserra Capital Management LLC now owns 12,420 shares of the company’s stock valued at $421,000 after acquiring an additional 1,755 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Conagra Brands by 18.9% during the third quarter. Chicago Partners Investment Group LLC now owns 9,270 shares of the company’s stock valued at $333,000 after purchasing an additional 1,476 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of Conagra Brands by 171.7% during the third quarter. WINTON GROUP Ltd now owns 20,825 shares of the company’s stock valued at $707,000 after purchasing an additional 13,159 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Conagra Brands by 17.0% during the third quarter. Gamco Investors INC. ET AL now owns 1,387,761 shares of the company’s stock valued at $47,142,000 after purchasing an additional 201,347 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Conagra Brands by 130.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 139,750 shares of the company’s stock valued at $4,747,000 after purchasing an additional 79,159 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.
Conagra Brands stock opened at $32.89 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.39 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $12.89 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.91 and a beta of 0.17. Conagra Brands Inc has a one year low of $31.86 and a one year high of $39.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 17th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, October 16th. Conagra Brands’s dividend payout ratio is currently 40.28%.
A number of analysts have recently commented on CAG shares. JPMorgan Chase & Co. lifted their price target on Conagra Brands from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Jefferies Financial Group set a $44.00 price target on Conagra Brands and gave the company a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research reissued a “hold” rating on shares of Conagra Brands in a research note on Monday, November 12th. Sanford C. Bernstein lowered Conagra Brands from a “market perform” rating to an “underperform” rating in a research note on Wednesday, November 14th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $42.00 price target on shares of Conagra Brands in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.70.
In related news, CFO David S. Marberger acquired 2,836 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The shares were bought 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 directly owns 12,721 shares in the company, valued at $448,415.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sean Connolly acquired 14,184 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The stock was bought at an average cost of $35.25 per share, for a total transaction of $499,986.00. Following the completion of the purchase, the insider now owns 217,607 shares of the company’s stock, valued at $7,670,646.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 24,112 shares of company stock worth $849,948. 0.92% of the stock is owned by insiders.
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About Conagra Brands
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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