Conagra Brands Inc (NYSE:CAG) insider Sean Connolly purchased 14,184 shares of Conagra Brands stock in a transaction dated Friday, October 12th. The shares were purchased at an average price of $35.25 per share, with a total value of $499,986.00. Following the completion of the transaction, the insider now directly owns 217,607 shares in the company, valued at $7,670,646.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of CAG traded up $0.47 during mid-day trading on Friday, reaching $35.34. 5,946,874 shares of the stock traded hands, compared to its average volume of 4,188,130. The firm has a market capitalization of $13.30 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.92 and a beta of 0.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.39. Conagra Brands Inc has a 1 year low of $32.81 and a 1 year high of $39.43.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, September 27th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). Conagra Brands had a return on equity of 22.50% and a net margin of 10.47%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Conagra Brands Inc will post 2.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 17th will be given a $0.2125 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $0.85 annualized dividend and a yield of 2.41%. Conagra Brands’s dividend payout ratio (DPR) is presently 40.28%.

A number of large investors have recently made changes to their positions in CAG. Fort L.P. purchased a new position in Conagra Brands in the second quarter worth $117,000. LFA Lugano Financial Advisors SA grew its position in Conagra Brands by 137.6% in the third quarter. LFA Lugano Financial Advisors SA now owns 5,153 shares of the company’s stock worth $175,000 after acquiring an additional 2,984 shares in the last quarter. Lucia Wealth Services LLC purchased a new position in Conagra Brands in the second quarter worth $184,000. Lincoln National Corp purchased a new position in Conagra Brands in the second quarter worth $200,000. Finally, Zacks Investment Management purchased a new position in Conagra Brands in the second quarter worth $203,000. Institutional investors own 81.48% of the company’s stock.

A number of research firms have recently commented on CAG. ValuEngine upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. UBS Group upgraded shares of Conagra Brands from a “neutral” rating to a “buy” rating and boosted their price target for the company from $38.00 to $40.00 in a research report on Monday, October 8th. Zacks Investment Research upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Friday, June 29th. Stephens began coverage on shares of Conagra Brands in a research report on Monday, August 20th. They set an “overweight” rating and a $45.00 price target for the company. Finally, Jefferies Financial Group set a $44.00 price target on shares of Conagra Brands and gave the company a “buy” rating in a research report on Thursday, September 27th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $42.78.

About Conagra Brands

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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