Fidelis Capital Partners LLC boosted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG – Free Report) by 91.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,443 shares of the company’s stock after buying an additional 5,464 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Conagra Brands were worth $341,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CAG. Innealta Capital LLC purchased a new position in shares of Conagra Brands in the 2nd quarter valued at $25,000. Chilton Capital Management LLC bought a new position in Conagra Brands in the second quarter worth about $25,000. Whittier Trust Co. lifted its position in shares of Conagra Brands by 144.4% during the first quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after buying an additional 836 shares during the last quarter. LRI Investments LLC purchased a new stake in Conagra Brands during the first quarter valued at approximately $42,000. Finally, Security National Bank purchased a new position in shares of Conagra Brands in the 4th quarter valued at approximately $48,000. Institutional investors own 83.75% of the company’s stock.
Insider Buying and Selling
In other news, COO Thomas M. Mcgough sold 40,000 shares of the business’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 sale, the chief operating officer now directly owns 161,443 shares in the company, valued at $4,890,108.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Conagra Brands
Conagra Brands Trading Up 0.0 %
Conagra Brands stock opened at $32.31 on Tuesday. The firm has a market cap of $15.45 billion, a PE ratio of 44.26, a P/E/G ratio of 2.88 and a beta of 0.32. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $33.24. The stock’s 50 day simple moving average is $30.94 and its two-hundred day simple moving average is $30.09. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88.
Conagra Brands (NYSE:CAG – Get Free Report) last announced its quarterly 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. Conagra Brands had a net margin of 2.88% and a return on equity of 14.31%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. 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 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 of this dividend was Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.33%. Conagra Brands’s dividend payout ratio is presently 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.
Read More
- Five stocks we like better than Conagra Brands
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- The Average 401k Balance by Age Explained
- P/E Ratio Calculation: How to Assess Stocks
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- 5 Top Rated Dividend Stocks to Consider
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Want to see what other hedge funds are holding CAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conagra Brands, Inc. (NYSE:CAG – Free Report).
Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.