The most recent 13F filing that SG Americas Securities LLC made with the Securities and Exchange Commission revealed that the investment firm’s position in Conagra Brands, Inc. (NYSE: CAGholding) was reduced by 15.0% in the third quarter. SG Americas Securities LLC made this disclosure. The institutional investor now holds 86,493 shares of the company’s stock in their portfolio following the sale of 15,233 shares during the most recent quarter. The most recent disclosure that SG Americas Securities LLC made with the Securities and Exchange Commission indicated that the value of the company’s holdings in Conagra Brands was $2,822,000. The company provided this information.
Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios. During the second quarter, Sawtooth Solutions LLC increased the proportion of Conagra Brands stock owned by 11.1%. Due to the purchase of 1,100 additional shares during the most recent quarter, Sawtooth Solutions LLC now has 10,980 shares in the company. The value of these shares, which Sawtooth Solutions LLC acquired, is $376,000. Vanguard Personalized Indexing Management LLC increased its holdings in Conagra Brands by 0.9% during the second quarter, bringing the total number of shares it owns in the company to 58. Following the acquisition of 292 shares during the reporting period, Vanguard Personalized Indexing Management LLC now holds 32,518 shares of the company’s stock. Each share of the company’s stock has a current market value of $113,000. NewEdge Wealth LLC increased the amount of Conagra Brands stock it owned by approximately $635,000 during the second quarter of this year compared to the previous quarter.
During the second quarter, Leavell Investment Management Inc. achieved a 6.5% increase in the amount of Conagra Brands stock that it owned, thanks to this company’s continued success. After making additional purchases during the time frame, Leavell Investment Management Inc. now has 6,825 shares of the company’s stock in its possession. These most recent shares were acquired during the period. The value of the company’s stock that Leavell Investment Management Inc. currently holds is 234,000 dollars. One more point of interest is that LPL Financial LLC increased the percentage of Conagra Brands shares it owned by 20.3% during the second quarter. After purchasing an additional 87,089 shares during the period in question, LPL Financial LLC now owns 516,609 shares of the company’s stock. The current market price for these shares is $17,689,000. Institutional investors and hedge funds hold most of the company’s shares, which account for 81.08% of the total. Other shareholders include private individuals.
On the same day that this article was published on October 18, Carey Bartell, Executive Vice President of the company, sold 6,408 shares of company stock. Other news from that day includes the following: The price received for each share was $34.50 on average, which brought the total amount received from the stock sale to $221,076.00. When you click on this link, you will be taken to a document given to the SEC. This document contains information about the transaction and the presentation given to the SEC. In related news, Senior Vice President Robert G. Wise sold 50,000 company stock on Friday, January 6, 2019. This is part of a series of recent events connected to this topic. The shares were sold for a total of $2,045,000.00, equivalent to a price of $40.90 per share on average when they were bought and sold. Because the transaction was completed, the senior vice president now has direct ownership of 22,717 company shares, which have a value of $929,125.30. If you follow this link, you will be taken to the filing submitted to the SEC in which the sale was disclosed.
Executive Vice President Carey Bartell also sold 6,408 shares of the company’s stock on October 18. The stock was bought and sold for a total value of $221,076.00, with the average price per share coming in at $34.50. Revenue was generated from these transactions. Disclosures that are related to the sale might be found in this section of the website. The company insiders’ current ownership of the company’s stock is 98.2 percent.
During the most recent few months, a few brokerage firms have expressed interest in CAG. The price objective that Credit Suisse Group has set for Conagra Brands has increased from $35.00 to $40.00, as stated in a research note that was made available to the general public on Friday, January 6. The rating agency also placed a rating of “neutral” on the company’s shares. Morgan Stanley increased its price target for Conagra Brands on Friday, January 6, from $45.00 to $48.00 in a research report released that day. The company also assigned an “overweight” rating to the company’s stock, which indicates that the firm believes the company’s stock will go up in price. In a research report made available to the public by Stifel Nicolaus on Friday, January 6, the company stated that it had increased its price target on Conagra Brands from $35.00 to $44.00. On November 15, a Tuesday, BNP Paribas released a research note that marked the beginning of the firm’s coverage of the shares of Conagra Brands. The financial experts have given the company an “outperform” rating and have projected that the stock will reach $42.00 within the next three months. Conagra Brands’ price target was increased by JPMorgan Chase & Co. from $38.00 to $43.00 in a research note that was published on Friday, January 6. The firm also assigned a “neutral” rating to the company’s stock. This was the final piece of information that was released concerning the company. One equity research analyst has recommended selling the stock. In contrast, five others have suggested holding the position, six others have suggested buying the stock, and five others have suggested selling the stock. The information from Bloomberg.com indicates that the general recommendation for Conagra Brands is “Hold,” and the price objective has been established at $40.45.
On Friday, trading in CAG stock began at $40.13 and continued throughout the day. There is a debt-to-equity ratio equal to 0.92, a quick ratio equal to 0.29, and a current ratio equal to 0.92. The price of a share of Conagra Brands, Inc. has fluctuated between $30.06 and $41.30 over the previous twelve months. Moving averages for the company for the past 50 days are $37.73, and moving averages for the past 200 days are $35.56. A market capitalization of $19.13 billion, a price-to-earnings ratio of 28.46, a price-to-growth ratio of 2.17, and a beta coefficient of 0.57 are all characteristics of the company.
You can find the most recent quarterly earnings report for Conagra Brands, published on January 5 on the NYSE under the symbol CAG. This report covers the company’s performance over the past three months. The company reported earnings per share at $0.81, which is $0.15 higher than analysts’ consensus estimate of $0.66. According to various estimates provided by analysts, the revenue for the current quarter could come in anywhere from $3.28 billion to $3.31 billion. The return on equity for Conagra Brands was calculated to be 14.38%, and the net margin for the company was calculated to be 5.66%.
Compared to the same period the previous year, the third quarter saw a revenue increase of 8.3% for the company. The company reported a profit of $0.64 per share for the same period the year before. According to projections made by analysts in the relevant industry, Conagra Brands, Inc. is expected to generate earnings of $2.67 per share during the current fiscal year.
In addition, the company declared a quarterly dividend, which will be disbursed on the following Thursday, March 2, at the latest. Shareholders who have their information “recorded” as of January 30 will be eligible to receive the dividend payment of $0.33. On an annualized basis, this equates to a dividend payment of $1.32, and the yield on the dividend payment that will take place on Thursday, March 2, will be 3.29%. Shareholders who have their information “recorded” as of January 30 will be eligible to receive the dividend payment of $0.33. This equates to a dividend payment of $1.32 on an annualized basis and a yield of 3.29% on the dividend when calculated using this method. This dividend will be payable to shareholders whose accounts are in good standing as of this coming Friday, January 27. At this point, 93.62% of Conagra Brands’ earnings are paid out as dividends to the company’s shareholders.
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