Vanguard Personalized Indexing Management LLC Purchases 25,633 Shares of Conagra Brands, Inc. (NYSE:CAG)

Vanguard Personalized Indexing Management LLC lifted its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 39.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,283 shares of the company’s stock after buying an additional 25,633 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Conagra Brands were worth $2,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAG. Norges Bank bought a new position in shares of Conagra Brands during the 4th quarter worth $140,473,000. Federated Hermes Inc. lifted its stake in shares of Conagra Brands by 20.5% during the 2nd quarter. Federated Hermes Inc. now owns 11,013,503 shares of the company’s stock worth $313,004,000 after purchasing an additional 1,871,238 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in shares of Conagra Brands during the 1st quarter worth $47,980,000. Junto Capital Management LP purchased a new stake in shares of Conagra Brands during the 4th quarter worth $36,069,000. Finally, Miller Howard Investments Inc. NY lifted its stake in shares of Conagra Brands by 523.8% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 1,446,775 shares of the company’s stock worth $41,117,000 after purchasing an additional 1,214,859 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America increased their price target on Conagra Brands from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada decreased their price target on Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company decreased their price target on Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Barclays reduced their price objective on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Evercore ISI reduced their price objective on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.10.

Insider Buying and Selling at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of the firm’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 transaction, the chief operating officer now owns 161,443 shares in the company, valued at $4,890,108.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.88% of the stock is owned by corporate insiders.

Conagra Brands Stock Down 0.3 %

Conagra Brands stock opened at $32.30 on Friday. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 44.25, a price-to-earnings-growth ratio of 2.88 and a beta of 0.32. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $33.24. The business’s 50-day moving average price is $30.79 and its 200 day moving average price is $29.99. The company has a quick ratio of 0.33, a current ratio of 0.97 and a debt-to-equity ratio of 0.88.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, July 11th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company earned $0.62 earnings per share. Conagra Brands’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Conagra Brands, Inc. will post 2.61 earnings per share for the current year.

Conagra Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.33%. The ex-dividend date was Thursday, August 1st. Conagra Brands’s payout ratio is currently 191.78%.

Conagra Brands 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.