B.O.S.S. Retirement Advisors LLC Has $1.55 Million Position in Conagra Brands, Inc. (NYSE:CAG)

by · The Cerbat Gem

B.O.S.S. Retirement Advisors LLC increased its position in Conagra Brands, Inc. (NYSE:CAG – Free Report) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,698 shares of the company’s stock after buying an additional 2,666 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Conagra Brands were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Conagra Brands during the 2nd quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in Conagra Brands during the 2nd quarter valued at approximately $25,000. Hexagon Capital Partners LLC increased its position in Conagra Brands by 82.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock valued at $30,000 after purchasing an additional 420 shares during the period. Whittier Trust Co. increased its position in Conagra Brands by 144.4% during the 1st quarter. Whittier Trust Co. now owns 1,415 shares of the company’s stock valued at $42,000 after purchasing an additional 836 shares during the period. Finally, LRI Investments LLC acquired a new stake in Conagra Brands during the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Up 0.5 %

Shares of Conagra Brands stock opened at $29.72 on Thursday. Conagra Brands, Inc. has a 1 year low of $26.62 and a 1 year high of $33.24. The firm has a market cap of $14.21 billion, a PE ratio of 40.71, a P/E/G ratio of 3.01 and a beta of 0.32. The stock has a fifty day moving average price of $31.15 and a 200-day moving average price of $30.29. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.07). The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Equities research analysts anticipate that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.40 annualized dividend and a yield of 4.71%. Conagra Brands’s dividend payout ratio (DPR) is presently 191.78%.

Insider Activity at Conagra Brands

In other news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total value of $1,211,600.00. Following the sale, the chief operating officer now directly owns 161,443 shares of the company’s stock, valued at approximately $4,890,108.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup decreased their target price on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus cut their target price on Conagra Brands from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Finally, Barclays dropped their price objective on Conagra Brands from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.63.

View Our Latest Analysis on CAG

About Conagra Brands

(Free Report)

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

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