16,946 Shares in Conagra Brands, Inc. (NYSE:CAG) Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in shares of Conagra Brands, Inc. (NYSE:CAG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,946 shares of the company’s stock, valued at approximately $551,000.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Conagra Brands by 237.9% in the first quarter. Bessemer Group Inc. now owns 76,971 shares of the company’s stock valued at $2,281,000 after purchasing an additional 54,195 shares during the last quarter. SG Americas Securities LLC grew its holdings in Conagra Brands by 261.3% in the 1st quarter. SG Americas Securities LLC now owns 147,082 shares of the company’s stock valued at $4,360,000 after buying an additional 106,368 shares during the last quarter. M&G Plc bought a new position in Conagra Brands in the 1st quarter worth approximately $7,429,000. UniSuper Management Pty Ltd lifted its holdings in shares of Conagra Brands by 573.4% during the first quarter. UniSuper Management Pty Ltd now owns 38,046 shares of the company’s stock worth $1,128,000 after buying an additional 32,396 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Conagra Brands by 912.4% in the first quarter. Brookstone Capital Management now owns 339,927 shares of the company’s stock valued at $10,075,000 after acquiring an additional 306,349 shares during the period. 83.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Thomas M. Mcgough sold 40,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the completion of the transaction, the chief operating officer now directly owns 161,443 shares in the company, valued at $4,890,108.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup decreased their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. The Goldman Sachs Group began coverage on Conagra Brands in a research report on Monday, August 12th. They issued a “buy” rating and a $36.00 price objective for the company. Stifel Nicolaus lowered 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 note on Friday, July 12th. Wells Fargo & Company upped their price target on Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, BNP Paribas upgraded Conagra Brands to a “strong-buy” rating 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 given a strong buy rating to the stock. According to MarketBeat.com, Conagra Brands has an average rating of “Hold” and a consensus target price of $31.63.

Conagra Brands Trading Up 0.3 %

Shares of Conagra Brands stock traded up $0.10 during trading on Thursday, hitting $29.55. 47,005 shares of the company were exchanged, compared to its average volume of 4,742,460. The firm’s fifty day moving average price is $31.10 and its 200 day moving average price is $30.28. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33. The firm has a market capitalization of $14.13 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 3.01 and a beta of 0.32. Conagra Brands, Inc. has a 1-year low of $26.62 and a 1-year high of $33.24.

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

Conagra Brands Dividend Announcement

The company 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 $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.74%. Conagra Brands’s dividend payout ratio (DPR) is 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.