Aviva PLC reduced its position in Conagra Brands Inc (NYSE:CAG) by 3.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 185,573 shares of the company’s stock after selling 5,828 shares during the quarter. Aviva PLC’s holdings in Conagra Brands were worth $6,304,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Fort L.P. acquired a new stake in Conagra Brands in the 2nd quarter worth approximately $117,000. JNBA Financial Advisors boosted its stake in Conagra Brands by 761.4% in the 3rd quarter. JNBA Financial Advisors now owns 4,393 shares of the company’s stock worth $149,000 after purchasing an additional 3,883 shares in the last quarter. Bray Capital Advisors acquired a new stake in Conagra Brands in the 3rd quarter worth approximately $170,000. LFA Lugano Financial Advisors SA boosted its stake in Conagra Brands by 137.6% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 5,153 shares of the company’s stock worth $175,000 after purchasing an additional 2,984 shares in the last quarter. Finally, Lucia Wealth Services LLC acquired a new stake in Conagra Brands in the 2nd quarter worth approximately $184,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Shares of NYSE CAG opened at $31.62 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. Conagra Brands Inc has a 12 month low of $30.90 and a 12 month high of $39.43. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.14.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, September 27th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). Conagra Brands had a net margin of 10.47% and a return on equity of 22.50%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Conagra Brands Inc will post 2.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, January 30th will be paid a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 2.69%. Conagra Brands’s payout ratio is 40.28%.

In other Conagra Brands news, insider Sean Connolly acquired 14,184 shares of the firm’s stock in a transaction on Friday, October 12th. The stock was acquired at an average cost of $35.25 per share, for a total transaction of $499,986.00. Following the purchase, the insider now owns 217,607 shares in the company, valued at approximately $7,670,646.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David S. Marberger acquired 2,836 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were acquired at an average price of $35.25 per share, with a total value of $99,969.00. Following the completion of the purchase, the chief financial officer now owns 12,721 shares in the company, valued at approximately $448,415.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 24,112 shares of company stock valued at $849,948. Company insiders own 0.92% of the company’s stock.

A number of research firms recently commented on CAG. ValuEngine upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Credit Suisse Group set a $35.00 target price on shares of Conagra Brands and gave the stock a “hold” rating in a research note on Monday, November 26th. UBS Group upgraded shares of Conagra Brands from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $40.00 in a research note on Monday, October 8th. Zacks Investment Research cut shares of Conagra Brands from a “buy” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, Stephens began coverage on shares of Conagra Brands in a research note on Monday, August 20th. They issued an “overweight” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Conagra Brands currently has an average rating of “Buy” and a consensus target price of $42.20.

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Conagra Brands 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.

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

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