Chris Bulman Inc bought a new stake in shares of Conagra Brands, Inc. (NYSE:CAG – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 2,978 shares of the company’s stock, valued at approximately $85,000.
Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Conagra Brands by 7.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 5,220 shares of the company’s stock worth $155,000 after acquiring an additional 373 shares in the last quarter. Czech National Bank increased its stake in Conagra Brands by 0.5% during the 1st quarter. Czech National Bank now owns 84,105 shares of the company’s stock valued at $2,493,000 after purchasing an additional 392 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Conagra Brands by 5.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,894 shares of the company’s stock valued at $226,000 after acquiring an additional 403 shares during the period. Summit Financial Wealth Advisors LLC raised its stake in shares of Conagra Brands by 1.1% in the first quarter. Summit Financial Wealth Advisors LLC now owns 39,955 shares of the company’s stock worth $1,184,000 after purchasing an additional 430 shares during the last quarter. Finally, Courier Capital LLC raised its position in Conagra Brands by 1.7% during the 2nd quarter. Courier Capital LLC now owns 26,707 shares of the company’s stock worth $759,000 after buying an additional 438 shares during the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, COO Thomas M. Mcgough sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the completion of the transaction, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at $4,890,108.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Research Report on CAG
Conagra Brands Trading Up 0.6 %
CAG opened at $32.74 on Monday. The business has a fifty day simple moving average of $30.08 and a 200-day simple moving average of $29.75. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $32.85. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88. The firm has a market cap of $15.68 billion, a P/E ratio of 44.85, a P/E/G ratio of 3.00 and a beta of 0.32.
Conagra Brands (NYSE:CAG – Get Free Report) last released its earnings results on Thursday, July 11th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.93 billion. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. On average, equities analysts expect that Conagra Brands, Inc. will post 2.61 earnings per share for the current year.
Conagra Brands Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 1st were paid a $0.35 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.40 dividend on an annualized basis and a yield of 4.28%. Conagra Brands’s dividend payout ratio is currently 191.78%.
Conagra Brands Company 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.
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