Conagra Brands Inc (NYSE:CAG) Director Sells $142,500.00 in Stock

Conagra Brands Inc (NYSE:CAG) Director Ruth Ann Marshall sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $28.50, for a total transaction of $142,500.00. Following the completion of the sale, the director now owns 101,887 shares of the company’s stock, valued at approximately $2,903,779.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ruth Ann Marshall also recently made the following trade(s):

  • On Monday, July 8th, Ruth Ann Marshall sold 3,000 shares of Conagra Brands stock. The shares were sold at an average price of $28.45, for a total transaction of $85,350.00.
  • On Monday, July 1st, Ruth Ann Marshall sold 3,000 shares of Conagra Brands stock. The shares were sold at an average price of $27.00, for a total transaction of $81,000.00.
  • On Friday, April 26th, Ruth Ann Marshall sold 6,717 shares of Conagra Brands stock. The shares were sold at an average price of $31.00, for a total transaction of $208,227.00.

Shares of Conagra Brands stock opened at $28.90 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.28 and a quick ratio of 0.54. Conagra Brands Inc has a 1 year low of $20.22 and a 1 year high of $38.43. The firm has a market cap of $14.04 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.96 and a beta of 0.85. The stock’s 50 day moving average is $28.36.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, June 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). Conagra Brands had a return on equity of 13.74% and a net margin of 7.11%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities research analysts expect that Conagra Brands Inc will post 2.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Tuesday, July 30th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.85 annualized dividend and a dividend yield of 2.94%. Conagra Brands’s dividend payout ratio is currently 42.29%.

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of Conagra Brands by 2.3% during the 2nd quarter. Bessemer Group Inc. now owns 19,911 shares of the company’s stock worth $528,000 after purchasing an additional 457 shares during the last quarter. Vigilant Capital Management LLC raised its position in shares of Conagra Brands by 1.4% during the 2nd quarter. Vigilant Capital Management LLC now owns 434,590 shares of the company’s stock worth $11,525,000 after purchasing an additional 5,820 shares during the last quarter. American National Bank raised its position in shares of Conagra Brands by 16.2% during the 2nd quarter. American National Bank now owns 13,732 shares of the company’s stock worth $364,000 after purchasing an additional 1,917 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of Conagra Brands by 5,952.5% during the 2nd quarter. NEXT Financial Group Inc now owns 13,376 shares of the company’s stock worth $355,000 after purchasing an additional 13,155 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC acquired a new position in shares of Conagra Brands during the 2nd quarter worth approximately $1,004,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.

CAG has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. ValuEngine upgraded shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 10th. Bank of America set a $35.00 price target on shares of Conagra Brands and gave the company a “buy” rating in a research report on Friday, June 28th. UBS Group set a $170.00 price target on shares of United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, SunTrust Banks reiterated a “hold” rating and set a $8.00 price target on shares of TrueCar in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Conagra Brands presently has an average rating of “Buy” and an average price target of $35.23.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Further Reading: Trade Deficit

Insider Buying and Selling by Quarter for Conagra Brands (NYSE:CAG)

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