Conagra Brands $CAG Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its position in shares of Conagra Brands (NYSE:CAG) by 89.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,861 shares of the company’s stock after selling 91,561 shares during the period. Savant Capital LLC’s holdings in Conagra Brands were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPlan Investment Management LLC increased its holdings in shares of Conagra Brands by 5.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock worth $189,000 after buying an additional 548 shares during the last quarter. International Private Wealth Advisors LLC increased its holdings in shares of Conagra Brands by 4.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company’s stock worth $228,000 after buying an additional 609 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Conagra Brands by 0.5% during the 3rd quarter. Blair William & Co. IL now owns 136,235 shares of the company’s stock worth $2,494,000 after buying an additional 633 shares during the last quarter. Jackson Hole Capital Partners LLC increased its holdings in shares of Conagra Brands by 4.1% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock worth $311,000 after buying an additional 701 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after buying an additional 701 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Price Performance

Conagra Brands stock opened at $13.15 on Tuesday. The stock has a market cap of $6.29 billion, a P/E ratio of -131.44 and a beta of -0.02. The company has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $16.45. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $22.58. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 0.79.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the firm posted $0.51 earnings per share. Conagra Brands’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts expect that Conagra Brands will post 1.7 EPS for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th were paid a $0.35 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.40 dividend on an annualized basis and a yield of 10.7%. Conagra Brands’s payout ratio is currently -1,400.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CAG shares. Sanford C. Bernstein reiterated an “underperform” rating and issued a $12.00 target price (down from $16.00) on shares of Conagra Brands in a report on Wednesday, June 3rd. TD Cowen dropped their target price on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. UBS Group dropped their target price on shares of Conagra Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating for the company in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Reduce” and an average price target of $14.67.

Insiders Place Their Bets

In other Conagra Brands news, Director Richard H. Lenny acquired 25,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were bought at an average cost of $14.34 per share, for a total transaction of $358,500.00. Following the completion of the purchase, the director owned 229,340 shares in the company, valued at $3,288,735.60. This trade represents a 12.23% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Mulligan acquired 17,500 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was acquired at an average price of $14.31 per share, for a total transaction of $250,425.00. Following the completion of the purchase, the director owned 20,728 shares of the company’s stock, valued at $296,617.68. This trade represents a 542.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.

Conagra Brands Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.