16,946 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in Conagra Brands, Inc. (NYSE:CAG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 16,946 shares of the company’s stock, valued at approximately $551,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of Conagra Brands by 17.7% in the first quarter. Park Avenue Securities LLC now owns 11,903 shares of the company’s stock valued at $353,000 after purchasing an additional 1,794 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Conagra Brands by 912.4% during the first quarter. Brookstone Capital Management now owns 339,927 shares of the company’s stock worth $10,075,000 after buying an additional 306,349 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Conagra Brands by 911.1% in the first quarter. Sunbelt Securities Inc. now owns 2,639 shares of the company’s stock valued at $78,000 after acquiring an additional 2,378 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Conagra Brands by 10.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 39,525 shares of the company’s stock worth $1,172,000 after acquiring an additional 3,638 shares during the period. Finally, AMF Tjanstepension AB bought a new position in Conagra Brands during the first quarter worth about $47,980,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CAG shares. Barclays decreased their target price on shares of Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. The Goldman Sachs Group started coverage on Conagra Brands in a research note on Monday, August 12th. They set a “buy” rating and a $36.00 target price for the company. Citigroup lowered their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Evercore ISI cut their price objective on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Trading Up 0.3 %

NYSE:CAG traded up $0.10 during trading hours on Thursday, hitting $29.55. 47,005 shares of the company were exchanged, compared to its average volume of 4,742,460. The company has a fifty day simple moving average of $31.10 and a 200 day simple moving average of $30.28. Conagra Brands, Inc. has a one year low of $26.62 and a one year high of $33.24. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Conagra Brands’s revenue was down 3.8% compared to the same quarter last year. Sell-side analysts expect that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Thursday, October 31st. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Insider Buying and Selling

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction 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 sale, the chief operating officer now owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by insiders.

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.