2,558,615 Shares in Conagra Brands (CAG) Acquired by Coho Partners Ltd.

Coho Partners Ltd. purchased a new position in shares of Conagra Brands (NYSE:CAG) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,558,615 shares of the company’s stock, valued at approximately $94,362,000. Conagra Brands makes up about 2.5% of Coho Partners Ltd.’s holdings, making the stock its 25th biggest position. Coho Partners Ltd. owned approximately 0.64% of Conagra Brands at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Glenmede Trust Co. NA increased its stake in shares of Conagra Brands by 421.0% during the 4th quarter. Glenmede Trust Co. NA now owns 37,296 shares of the company’s stock worth $1,404,000 after purchasing an additional 30,137 shares during the last quarter. Barings LLC increased its stake in shares of Conagra Brands by 176.9% during the 4th quarter. Barings LLC now owns 62,608 shares of the company’s stock worth $2,358,000 after purchasing an additional 40,000 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Conagra Brands by 1.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 184,373 shares of the company’s stock worth $6,944,000 after purchasing an additional 2,778 shares during the last quarter. Check Capital Management Inc. CA acquired a new position in shares of Conagra Brands during the 4th quarter worth about $256,000. Finally, Iberiabank Corp acquired a new position in shares of Conagra Brands during the 4th quarter worth about $207,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Stephen G. Butler sold 12,092 shares of the company’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $37.18, for a total value of $449,580.56. Following the transaction, the director now owns 127,755 shares in the company, valued at approximately $4,749,930.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ruth Ann Marshall sold 6,046 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $35.86, for a total transaction of $216,809.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,046 shares of company stock worth $885,695. 0.79% of the stock is owned by company insiders.

Several research analysts have recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating and set a $46.00 price objective on shares of Conagra Brands in a research note on Friday, March 23rd. JPMorgan Chase lowered their price objective on shares of Conagra Brands from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, March 23rd. UBS boosted their price objective on shares of Conagra Brands from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, March 23rd. Jefferies Group restated a “buy” rating and set a $44.00 price objective on shares of Conagra Brands in a research note on Thursday, March 22nd. Finally, Zacks Investment Research lowered shares of Conagra Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.67.

Shares of Conagra Brands opened at $37.72 on Friday, according to MarketBeat. Conagra Brands has a 52 week low of $37.65 and a 52 week high of $37.83. The stock has a market capitalization of $15.14 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.31 and a beta of 0.28. The company has a current ratio of 1.03, a quick ratio of 0.52 and a debt-to-equity ratio of 0.85.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, March 22nd. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business earned $0.48 EPS. Conagra Brands’s quarterly revenue was up .7% on a year-over-year basis. equities analysts expect that Conagra Brands will post 2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, April 30th will be paid a $0.2125 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.85 dividend on an annualized basis and a yield of 2.25%. Conagra Brands’s dividend payout ratio (DPR) is currently 48.85%.

Conagra Brands Company 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.

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

Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply