Conagra Brands Inc. (CAG) Shares Bought by Keeley Teton Advisors LLC
Keeley Teton Advisors LLC lifted its stake in shares of Conagra Brands Inc. (NYSE:CAG) by 21.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,218 shares of the company’s stock after buying an additional 10,967 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Conagra Brands were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in Conagra Brands by 32,666.7% in the second quarter. Sun Life Financial INC now owns 2,949 shares of the company’s stock worth $105,000 after purchasing an additional 2,940 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in Conagra Brands by 143.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,139 shares of the company’s stock worth $112,000 after purchasing an additional 1,851 shares during the period. Advisors Asset Management Inc. grew its holdings in Conagra Brands by 57.1% in the second quarter. Advisors Asset Management Inc. now owns 4,692 shares of the company’s stock worth $168,000 after purchasing an additional 1,705 shares during the period. Krilogy Financial LLC grew its holdings in Conagra Brands by 7.7% in the second quarter. Krilogy Financial LLC now owns 5,170 shares of the company’s stock worth $185,000 after purchasing an additional 370 shares during the period. Finally, Evercore Wealth Management LLC grew its holdings in Conagra Brands by 12.9% in the second quarter. Evercore Wealth Management LLC now owns 6,325 shares of the company’s stock worth $226,000 after purchasing an additional 725 shares during the period. Institutional investors own 79.04% of the company’s stock.
Conagra Brands Inc. (NYSE:CAG) opened at $37.25 on Friday. The firm has a market cap of $15,147.11, a P/E ratio of 20.60, a P/E/G ratio of 2.80 and a beta of 0.37. Conagra Brands Inc. has a 52-week low of $32.16 and a 52-week high of $41.68. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 0.71.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, October 13th were given a dividend of $0.2125 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.85 dividend on an annualized basis and a yield of 2.28%. Conagra Brands’s dividend payout ratio (DPR) is 60.28%.
In related news, EVP Colleen Batcheler sold 120,451 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $37.50, for a total transaction of $4,516,912.50. Following the transaction, the executive vice president now owns 211,514 shares in the company, valued at $7,931,775. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, November 22nd. Stifel Nicolaus upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and upped their price objective 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 restated a “buy” rating and issued a $40.00 price objective on shares of Conagra Brands in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 target price on shares of Conagra Brands in a research note on Friday, September 29th. Finally, Morgan Stanley dropped their target price on shares of Conagra Brands from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.03.
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.
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