Victory Capital Management Inc. boosted its holdings in Conagra Brands Inc (NYSE:CAG) by 10.6% in the fourth quarter, HoldingsChannel reports. The firm owned 320,201 shares of the company’s stock after purchasing an additional 30,809 shares during the period. Victory Capital Management Inc.’s holdings in Conagra Brands were worth $12,062,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Iberiabank Corp bought a new stake in Conagra Brands in the fourth quarter worth approximately $207,000. Dean Capital Investments Management LLC bought a new stake in Conagra Brands in the fourth quarter worth approximately $302,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Conagra Brands by 83.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,902 shares of the company’s stock worth $7,417,000 after purchasing an additional 89,550 shares in the last quarter. Resources Investment Advisors Inc. increased its holdings in Conagra Brands by 9,462.4% in the fourth quarter. Resources Investment Advisors Inc. now owns 76,499 shares of the company’s stock worth $2,882,000 after purchasing an additional 75,699 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in Conagra Brands by 14.1% in the fourth quarter. Chicago Equity Partners LLC now owns 257,885 shares of the company’s stock worth $9,715,000 after purchasing an additional 31,875 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

In other news, EVP Colleen Batcheler sold 120,451 shares of the business’s 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 completion of the sale, the executive vice president now owns 211,514 shares in the company, valued at $7,931,775. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joie A. Gregor sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $38.04, for a total value of $199,710.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,121 shares of company stock valued at $5,793,780. Corporate insiders own 0.79% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, November 22nd. Stifel Nicolaus upgraded Conagra Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock 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 Conagra Brands from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $33.00 to $37.00 in a report on Tuesday, December 12th. Sanford C. Bernstein upgraded Conagra Brands from an “underperform” rating to a “market perform” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group set a $40.00 target price on Conagra Brands and gave the stock a “hold” rating in a report on Monday, December 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Conagra Brands presently has an average rating of “Buy” and an average target price of $41.00.

Shares of Conagra Brands Inc (NYSE:CAG) opened at $35.54 on Thursday. The company has a market capitalization of $14,240.00, a P/E ratio of 21.15, a PEG ratio of 2.33 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. The company has a current ratio of 1.11, a quick ratio of 0.54 and a debt-to-equity ratio of 0.86.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be issued a dividend of $0.213 per share. This is an increase from Conagra Brands’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, January 29th. This represents a $0.85 annualized dividend and a dividend yield of 2.40%. Conagra Brands’s payout ratio is currently 50.60%.

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Conagra Brands Company Profile

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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