NewSquare Capital LLC trimmed its position in Conagra Brands Inc. (NYSE:CAG) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,095 shares of the company’s stock after selling 3,216 shares during the quarter. NewSquare Capital LLC’s holdings in Conagra Brands were worth $577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Conagra Brands by 10,072.6% during the second quarter. Janus Henderson Group PLC now owns 6,144,061 shares of the company’s stock worth $219,711,000 after purchasing an additional 6,083,663 shares during the period. American Century Companies Inc. boosted its holdings in shares of Conagra Brands by 64.0% during the third quarter. American Century Companies Inc. now owns 11,938,659 shares of the company’s stock worth $402,810,000 after purchasing an additional 4,660,867 shares during the period. AJO LP boosted its holdings in shares of Conagra Brands by 757.3% during the second quarter. AJO LP now owns 3,118,724 shares of the company’s stock worth $111,526,000 after purchasing an additional 2,754,930 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Conagra Brands by 49.8% during the second quarter. Alliancebernstein L.P. now owns 5,674,123 shares of the company’s stock worth $202,907,000 after purchasing an additional 1,886,614 shares during the period. Finally, Numeric Investors LLC boosted its holdings in shares of Conagra Brands by 75.2% during the second quarter. Numeric Investors LLC now owns 3,077,000 shares of the company’s stock worth $110,034,000 after purchasing an additional 1,321,100 shares during the period. Institutional investors own 79.33% of the company’s stock.

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Several analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and raised their price target 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Conagra Brands in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Conagra Brands in a research report on Friday, September 29th. Finally, Morgan Stanley cut their price objective on shares of Conagra Brands from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.03.

In related news, EVP Colleen Batcheler sold 133,869 shares of Conagra Brands stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $34.28, for a total value of $4,589,029.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.79% of the company’s stock.

Shares of Conagra Brands Inc. (NYSE CAG) traded up $0.44 during trading hours on Friday, hitting $35.62. 2,491,200 shares of the stock traded hands, compared to its average volume of 3,502,508. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.51. Conagra Brands Inc. has a 52 week low of $32.16 and a 52 week high of $41.68. The firm has a market cap of $14,610.00, a P/E ratio of 19.55, a PEG ratio of 2.65 and a beta of 0.33.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. equities research analysts predict that Conagra Brands Inc. will post 1.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 13th will be issued a $0.2125 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.39%. Conagra Brands’s dividend payout ratio is 61.15%.

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.

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

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