American International Group Inc. Has $3.59 Million Holdings in Conagra Brands, Inc. (NYSE:CAG)

American International Group Inc. decreased its position in Conagra Brands, Inc. (NYSE:CAG) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 125,318 shares of the company’s stock after selling 1,111 shares during the period. American International Group Inc.’s holdings in Conagra Brands were worth $3,592,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC boosted its position in Conagra Brands by 11.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 35,596 shares of the company’s stock worth $976,000 after acquiring an additional 3,679 shares during the last quarter. FMR LLC boosted its holdings in Conagra Brands by 7.3% during the third quarter. FMR LLC now owns 1,663,917 shares of the company’s stock worth $45,625,000 after purchasing an additional 113,241 shares during the last quarter. LPL Financial LLC grew its position in Conagra Brands by 20.0% in the third quarter. LPL Financial LLC now owns 950,526 shares of the company’s stock valued at $26,063,000 after purchasing an additional 158,183 shares in the last quarter. Mariner LLC lifted its position in Conagra Brands by 4.5% during the 3rd quarter. Mariner LLC now owns 123,047 shares of the company’s stock worth $3,374,000 after buying an additional 5,261 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Conagra Brands by 3.8% during the 3rd quarter. Northern Trust Corp now owns 6,002,366 shares of the company’s stock worth $164,585,000 after buying an additional 220,024 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Up 1.1 %

Shares of Conagra Brands stock opened at $28.82 on Monday. Conagra Brands, Inc. has a 52-week low of $25.16 and a 52-week high of $34.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.33 and a current ratio of 0.95. The firm has a 50-day moving average of $30.13 and a 200-day moving average of $29.30. The stock has a market cap of $13.78 billion, a PE ratio of 14.48, a PEG ratio of 2.79 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Conagra Brands had a return on equity of 14.25% and a net margin of 7.86%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. As a group, sell-side analysts forecast that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, April 30th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, April 29th. Conagra Brands’s dividend payout ratio is currently 70.35%.

Insiders Place Their Bets

In other news, EVP Charisse Brock sold 15,444 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $30.37, for a total transaction of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at $3,439,523.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CAG shares. Wells Fargo & Company lifted their target price on Conagra Brands from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Citigroup upped their price objective on Conagra Brands from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Stifel Nicolaus raised their target price on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Finally, Barclays upped their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Conagra Brands has an average rating of “Hold” and an average target price of $33.14.

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.