AMG National Trust Bank Purchases 525 Shares of Conagra Brands, Inc. (NYSE:CAG)

AMG National Trust Bank increased its stake in Conagra Brands, Inc. (NYSE:CAGGet Rating) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,650 shares of the company’s stock after purchasing an additional 525 shares during the quarter. AMG National Trust Bank’s holdings in Conagra Brands were worth $217,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its holdings in Conagra Brands by 1,492.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 746 shares during the period. Sage Private Wealth Group LLC purchased a new stake in Conagra Brands in the 2nd quarter worth $28,000. Centerpoint Advisors LLC purchased a new stake in Conagra Brands in the 3rd quarter worth $33,000. Parkside Financial Bank & Trust increased its stake in Conagra Brands by 38.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,441 shares of the company’s stock worth $47,000 after buying an additional 397 shares in the last quarter. Finally, Ossiam purchased a new stake in Conagra Brands in the 2nd quarter worth $68,000. 81.08% of the stock is owned by institutional investors.

Conagra Brands Stock Performance

Conagra Brands stock opened at $37.26 on Wednesday. The company has a 50 day moving average price of $38.29 and a 200-day moving average price of $35.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.29 and a current ratio of 0.92. Conagra Brands, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $41.30. The company has a market capitalization of $17.76 billion, a PE ratio of 26.43, a P/E/G ratio of 2.01 and a beta of 0.57.

Conagra Brands (NYSE:CAGGet Rating) last posted its quarterly earnings results on Thursday, January 5th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.28 billion. Conagra Brands had a net margin of 5.66% and a return on equity of 14.38%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, equities analysts forecast that Conagra Brands, Inc. will post 2.67 earnings per share for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Monday, January 30th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, January 27th. Conagra Brands’s payout ratio is 93.62%.

Insider Activity at Conagra Brands

In related news, SVP Robert G. Wise sold 50,000 shares of Conagra Brands stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $40.90, for a total transaction of $2,045,000.00. Following the transaction, the senior vice president now directly owns 22,717 shares of the company’s stock, valued at $929,125.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Conagra Brands from $35.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, January 6th. Credit Suisse Group raised their price objective on Conagra Brands from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 6th. Exane BNP Paribas assumed coverage on Conagra Brands in a research report on Tuesday, November 15th. They set an “outperform” rating for the company. Stifel Nicolaus raised their price objective on Conagra Brands from $35.00 to $44.00 in a research report on Friday, January 6th. Finally, StockNews.com upgraded Conagra Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.45.

Conagra Brands Company Profile

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

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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