UniSuper Management Pty Ltd Has $1.13 Million Position in Conagra Brands, Inc. (NYSE:CAG)

UniSuper Management Pty Ltd grew its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 573.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,046 shares of the company’s stock after acquiring an additional 32,396 shares during the period. UniSuper Management Pty Ltd’s holdings in Conagra Brands were worth $1,128,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Naples Money Management LLC acquired a new position in shares of Conagra Brands in the fourth quarter worth approximately $26,000. First United Bank & Trust acquired a new position in shares of Conagra Brands in the 4th quarter worth approximately $26,000. Advantage Trust Co bought a new stake in shares of Conagra Brands in the 4th quarter valued at $34,000. Parkside Financial Bank & Trust increased its position in shares of Conagra Brands by 48.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $40,000 after buying an additional 454 shares during the period. Finally, Whittier Trust Co. raised its stake in Conagra Brands by 144.4% during the first quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock worth $42,000 after buying an additional 836 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Insider Activity at Conagra Brands

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,439,523.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CAG has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Evercore ISI lowered their target price on Conagra Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Barclays cut their price target on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada cut their target price on shares of Conagra Brands from $30.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and an average target price of $31.18.

Conagra Brands Stock Up 2.0 %

Shares of NYSE:CAG traded up $0.59 during midday trading on Wednesday, hitting $29.86. 3,714,800 shares of the company’s stock were exchanged, compared to its average volume of 4,710,057. Conagra Brands, Inc. has a 12 month low of $25.16 and a 12 month high of $33.55. The company has a market cap of $14.28 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 2.60 and a beta of 0.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.97 and a quick ratio of 0.33. The stock has a 50 day moving average price of $29.27 and a 200-day moving average price of $29.26.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, July 11th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Conagra Brands, Inc. will post 2.61 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 1st will be issued a $0.35 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.69%. Conagra Brands’s dividend payout ratio is currently 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.