Conagra Brands $CAG Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in Conagra Brands (NYSE:CAG) by 126.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,189 shares of the company’s stock after buying an additional 41,412 shares during the period. Sequoia Financial Advisors LLC’s holdings in Conagra Brands were worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Conagra Brands in the second quarter valued at $26,000. MUFG Securities EMEA plc acquired a new stake in shares of Conagra Brands during the second quarter worth about $29,000. Spire Wealth Management increased its position in shares of Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock worth $32,000 after purchasing an additional 1,230 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Conagra Brands during the third quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Conagra Brands by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Conagra Brands news, Director John J. Mulligan acquired 17,500 shares of the stock in a transaction on Tuesday, April 14th. The shares were bought at an average price of $14.31 per share, with a total value of $250,425.00. Following the acquisition, the director owned 20,728 shares of the company’s stock, valued at $296,617.68. This trade represents a 542.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard H. Lenny acquired 25,000 shares of the stock in a transaction on Tuesday, April 14th. The stock was acquired at an average cost of $14.34 per share, for a total transaction of $358,500.00. Following the acquisition, the director directly owned 229,340 shares in the company, valued at $3,288,735.60. This represents a 12.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CAG. Royal Bank Of Canada cut their target price on Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 2nd. Stifel Nicolaus cut their target price on Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Conagra Brands in a research report on Friday, May 1st. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Jefferies Financial Group cut their target price on Conagra Brands from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $15.80.

Conagra Brands Stock Performance

Shares of CAG stock opened at $14.00 on Wednesday. The stock has a market capitalization of $6.70 billion and a PE ratio of -139.94. Conagra Brands has a 52-week low of $13.60 and a 52-week high of $23.37. The stock’s 50-day moving average price is $15.57 and its 200 day moving average price is $17.00. The company has a quick ratio of 0.30, a current ratio of 0.90 and a debt-to-equity ratio of 0.79.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. As a group, equities research analysts forecast that Conagra Brands will post 1.7 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Thursday, April 30th. Conagra Brands’s payout ratio is currently -1,400.00%.

Conagra Brands Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.