Joie A. Gregor Sells 5,250 Shares of Conagra Brands Inc (CAG) Stock
Conagra Brands Inc (NYSE:CAG) Director Joie A. Gregor sold 5,250 shares of Conagra Brands stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $38.04, for a total transaction of $199,710.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Conagra Brands Inc (NYSE:CAG) opened at $37.33 on Thursday. The firm has a market cap of $15,326.85, a P/E ratio of 22.35, a PEG ratio of 2.84 and a beta of 0.36. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86. Conagra Brands Inc has a 1-year low of $32.16 and a 1-year high of $41.68.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. research analysts predict that Conagra Brands Inc will post 1.89 earnings per share for the current year.
Several brokerages have issued reports on CAG. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Conagra Brands in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, November 22nd. UBS Group upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and lifted their target price for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. Stifel Nicolaus upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $36.00 to $38.00 in a research report on Sunday, October 29th. They noted that the move was a valuation call. Finally, Jefferies Group reiterated a “buy” rating and set a $40.00 target price on shares of Conagra Brands in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.95.
Several institutional investors and hedge funds have recently made changes to their positions in CAG. Janus Henderson Group PLC lifted its holdings in shares of Conagra Brands by 10,072.6% in the 2nd quarter. Janus Henderson Group PLC now owns 6,144,061 shares of the company’s stock worth $219,711,000 after acquiring an additional 6,083,663 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Conagra Brands by 64.0% in the 3rd quarter. American Century Companies Inc. now owns 11,938,659 shares of the company’s stock worth $402,810,000 after acquiring an additional 4,660,867 shares during the last quarter. AJO LP lifted its holdings in shares of Conagra Brands by 757.3% in the 2nd quarter. AJO LP now owns 3,118,724 shares of the company’s stock worth $111,526,000 after acquiring an additional 2,754,930 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Conagra Brands by 49.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,674,123 shares of the company’s stock worth $202,907,000 after acquiring an additional 1,886,614 shares during the last quarter. Finally, Numeric Investors LLC lifted its holdings in shares of Conagra Brands by 75.2% in the 2nd quarter. Numeric Investors LLC now owns 3,077,000 shares of the company’s stock worth $110,034,000 after acquiring an additional 1,321,100 shares during the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.
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Conagra Brands Company Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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