Flagship Harbor Advisors LLC Has $253,000 Holdings in Conagra Brands Inc (CAG)

Share on StockTwits

Flagship Harbor Advisors LLC boosted its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 3,494.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,131 shares of the company’s stock after purchasing an additional 8,877 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Conagra Brands were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CAG. Norges Bank purchased a new stake in Conagra Brands during the 4th quarter worth approximately $123,197,000. FMR LLC increased its holdings in shares of Conagra Brands by 66.8% in the 4th quarter. FMR LLC now owns 11,151,772 shares of the company’s stock valued at $238,201,000 after acquiring an additional 4,467,041 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Conagra Brands by 138.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,347,652 shares of the company’s stock valued at $71,506,000 after acquiring an additional 1,943,380 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Conagra Brands by 36.8% in the 4th quarter. Geode Capital Management LLC now owns 6,848,679 shares of the company’s stock valued at $146,052,000 after acquiring an additional 1,840,875 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Conagra Brands by 118.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 2,937,709 shares of the company’s stock valued at $62,749,000 after acquiring an additional 1,590,664 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Bank of America set a $30.00 price target on Conagra Brands and gave the company a “buy” rating in a report on Friday, March 22nd. Barclays reiterated a “buy” rating and issued a $30.00 price target on shares of Conagra Brands in a report on Sunday, December 23rd. Credit Suisse Group set a $39.00 price target on Conagra Brands and gave the company a “hold” rating in a report on Thursday, December 20th. Zacks Investment Research downgraded Conagra Brands from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Goldman Sachs Group set a $32.00 price target on Conagra Brands and gave the company a “buy” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Conagra Brands currently has an average rating of “Buy” and a consensus price target of $37.90.

Shares of NYSE CAG opened at $30.12 on Thursday. Conagra Brands Inc has a twelve month low of $20.22 and a twelve month high of $39.43. The company has a market capitalization of $14.62 billion, a PE ratio of 14.27, a PEG ratio of 2.18 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 1.49.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, March 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Conagra Brands had a return on equity of 16.40% and a net margin of 6.99%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 35.7% compared to the same quarter last year. On average, equities analysts forecast that Conagra Brands Inc will post 2.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, April 30th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.85 dividend on an annualized basis and a yield of 2.82%. Conagra Brands’s dividend payout ratio is currently 40.28%.

ILLEGAL ACTIVITY NOTICE: “Flagship Harbor Advisors LLC Has $253,000 Holdings in Conagra Brands Inc (CAG)” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4301288/flagship-harbor-advisors-llc-has-253000-holdings-in-conagra-brands-inc-cag.html.

Conagra Brands Company Profile

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

Read More: How mutual funds make money

Want to see what other hedge funds are holding CAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conagra Brands Inc (NYSE:CAG).

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

Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Soarcoin  Hits Market Cap of $1.73 Million
Soarcoin Hits Market Cap of $1.73 Million
Interstellar Holdings  Hits Market Cap of $1.74 Million
Interstellar Holdings Hits Market Cap of $1.74 Million
Brokerages Expect Aquabounty Technologies Inc  Will Announce Quarterly Sales of $250,000.00
Brokerages Expect Aquabounty Technologies Inc Will Announce Quarterly Sales of $250,000.00
Neblio 24 Hour Trading Volume Tops $843,624.00
Neblio 24 Hour Trading Volume Tops $843,624.00
Maker  Market Cap Reaches $680.31 Million
Maker Market Cap Reaches $680.31 Million
Zacks: Liberty Braves Group Series A  Given $43.00 Average Price Target by Brokerages
Zacks: Liberty Braves Group Series A Given $43.00 Average Price Target by Brokerages


© 2006-2019 Ticker Report