WoodTrust Financial Corp Purchases 2,200 Shares of Conagra Brands, Inc. (NYSE:CAG)

WoodTrust Financial Corp raised its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 20.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,100 shares of the company’s stock after acquiring an additional 2,200 shares during the period. WoodTrust Financial Corp’s holdings in Conagra Brands were worth $388,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. FMR LLC boosted its position in Conagra Brands by 7.3% during the 3rd quarter. FMR LLC now owns 1,663,917 shares of the company’s stock valued at $45,625,000 after buying an additional 113,241 shares during the period. Mariner LLC grew its stake in shares of Conagra Brands by 4.5% in the third quarter. Mariner LLC now owns 123,047 shares of the company’s stock worth $3,374,000 after purchasing an additional 5,261 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Conagra Brands by 36.2% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,641 shares of the company’s stock valued at $100,000 after purchasing an additional 967 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Conagra Brands during the 3rd quarter valued at about $706,000. Finally, Meeder Advisory Services Inc. purchased a new stake in Conagra Brands in the 3rd quarter worth approximately $201,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 0.3 %

CAG stock traded up $0.08 during trading on Friday, hitting $28.42. 7,264,862 shares of the stock traded hands, compared to its average volume of 4,120,062. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 2.75 and a beta of 0.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. Conagra Brands, Inc. has a 1 year low of $25.16 and a 1 year high of $34.38. The firm’s 50 day moving average is $29.98 and its two-hundred day moving average is $29.27.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, April 4th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Monday, April 29th. Conagra Brands’s payout ratio is currently 70.35%.

Insider Activity at Conagra Brands

In other news, EVP Charisse Brock sold 15,444 shares of Conagra Brands stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the sale, the executive vice president now directly owns 113,254 shares in the company, valued at $3,439,523.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CAG shares. Barclays upped their target price on Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price objective on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Citigroup lowered their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Friday. Finally, Stifel Nicolaus boosted their target price on shares of Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

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.