Full Sail Capital LLC purchased a new position in Conagra Brands Inc (NYSE:CAG) during the 1st quarter, Holdings Channel reports. The firm purchased 11,927 shares of the company’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CAG. BlackRock Inc. increased its position in Conagra Brands by 20.9% in the first quarter. BlackRock Inc. now owns 43,165,563 shares of the company’s stock worth $1,197,414,000 after purchasing an additional 7,469,653 shares during the last quarter. Norges Bank bought a new stake in Conagra Brands in the fourth quarter worth $123,197,000. FMR LLC increased its position in Conagra Brands by 66.8% in the fourth quarter. FMR LLC now owns 11,151,772 shares of the company’s stock worth $238,201,000 after purchasing an additional 4,467,041 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Conagra Brands by 138.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,347,652 shares of the company’s stock worth $71,506,000 after purchasing an additional 1,943,380 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Conagra Brands by 36.8% in the fourth quarter. Geode Capital Management LLC now owns 6,848,679 shares of the company’s stock worth $146,052,000 after purchasing an additional 1,840,875 shares during the last quarter. Institutional investors own 88.55% of the company’s stock.

Several equities research analysts recently weighed in on CAG shares. Morgan Stanley started coverage on shares of Conagra Brands in a research report on Monday, May 20th. They issued an “equal weight” rating and a $31.00 price target on the stock. Bank of America set a $30.00 price target on shares of Conagra Brands and gave the stock a “buy” rating in a research report on Friday, March 22nd. Credit Suisse Group boosted their price target on shares of Conagra Brands from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Evercore ISI started coverage on shares of Conagra Brands in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $36.00 price target on the stock. Finally, Goldman Sachs Group set a $32.00 price target on shares of Conagra Brands and gave the stock a “buy” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.00.

In other Conagra Brands news, Director Ruth Ann Marshall sold 6,717 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $31.00, for a total transaction of $208,227.00. Following the transaction, the director now owns 99,897 shares in the company, valued at $3,096,807. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joie A. Gregor acquired 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $29.99 per share, for a total transaction of $299,900.00. Following the transaction, the director now directly owns 145,440 shares of the company’s stock, valued at $4,361,745.60. The disclosure for this purchase can be found here. Insiders own 0.92% of the company’s stock.

CAG stock opened at $29.88 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 1.49. Conagra Brands Inc has a twelve month low of $20.22 and a twelve month high of $39.43. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.97 and a beta of 0.89.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, April 29th. Conagra Brands’s dividend payout ratio (DPR) is 40.28%.

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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.

Further Reading: How Do Mutual Funds Work?

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

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