Conagra Brands, Inc. (NYSE:CAG) Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Conagra Brands, Inc. (NYSE:CAG) by 42.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,974 shares of the company’s stock after acquiring an additional 13,654 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Conagra Brands were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAG. Innealta Capital LLC bought a new stake in shares of Conagra Brands in the 2nd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter valued at $25,000. Hexagon Capital Partners LLC boosted its stake in shares of Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after acquiring an additional 420 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Conagra Brands by 144.4% in the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock worth $42,000 after acquiring an additional 836 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Conagra Brands during the first quarter worth $42,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Conagra Brands

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the transaction, the chief operating officer now directly owns 161,443 shares in the company, valued at $4,890,108.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is owned by company insiders.

Conagra Brands Price Performance

CAG opened at $28.94 on Friday. The stock has a fifty day moving average price of $30.98 and a 200 day moving average price of $30.25. 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, Inc. has a 1 year low of $26.62 and a 1 year high of $33.24. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 3.03 and a beta of 0.32.

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

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.84%. Conagra Brands’s dividend payout ratio is currently 135.92%.

Analyst Ratings Changes

CAG has been the topic of a number of analyst reports. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus dropped their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Evercore ISI reduced their price target on shares of Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a research report on Monday, August 12th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Royal Bank of Canada restated 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.63.

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.