Public Employees Retirement Association of Colorado boosted its position in shares of Conagra Brands Inc (NYSE:CAG) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 81,375 shares of the company’s stock after buying an additional 2,238 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Conagra Brands were worth $3,065,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Advisor Partners LLC lifted its holdings in Conagra Brands by 11.7% during the 4th quarter. Advisor Partners LLC now owns 13,388 shares of the company’s stock valued at $506,000 after purchasing an additional 1,399 shares during the last quarter. Commonwealth Equity Services Inc lifted its holdings in Conagra Brands by 2.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 70,357 shares of the company’s stock valued at $2,373,000 after purchasing an additional 1,482 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Conagra Brands by 7.0% during the 3rd quarter. Captrust Financial Advisors now owns 23,744 shares of the company’s stock valued at $801,000 after purchasing an additional 1,556 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Conagra Brands by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 114,987 shares of the company’s stock valued at $3,880,000 after purchasing an additional 1,678 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in Conagra Brands by 11.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 16,310 shares of the company’s stock valued at $549,000 after purchasing an additional 1,709 shares during the last quarter. 79.61% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Joie A. Gregor sold 5,250 shares of Conagra Brands stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $38.04, for a total transaction of $199,710.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Colleen Batcheler sold 120,451 shares of Conagra Brands stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $37.50, for a total transaction of $4,516,912.50. Following the sale, the executive vice president now owns 211,514 shares of the company’s stock, valued at approximately $7,931,775. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,121 shares of company stock valued at $5,793,780. 0.79% of the stock is owned by corporate insiders.

Shares of Conagra Brands Inc (NYSE:CAG) opened at $35.70 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.11 and a quick ratio of 0.54. The firm has a market cap of $14,247.50, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.32 and a beta of 0.27. Conagra Brands Inc has a 1 year low of $32.16 and a 1 year high of $41.68.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. equities research analysts forecast that Conagra Brands Inc will post 1.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be given a dividend of $0.213 per share. This is a boost from Conagra Brands’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, January 29th. This represents a $0.85 annualized dividend and a dividend yield of 2.39%. Conagra Brands’s payout ratio is currently 50.90%.

CAG has been the subject of several analyst reports. Credit Suisse Group set a $40.00 price target on shares of Conagra Brands and gave the company a “hold” rating in a report on Monday, December 25th. Stifel Nicolaus raised shares of Conagra Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $38.00 in a report on Sunday, October 29th. They noted that the move was a valuation call. UBS Group upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and raised their price objective for the company from $33.00 to $37.00 in a research report on Tuesday, December 12th. Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $41.00.

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About Conagra Brands

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

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

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