Insider Selling: Conagra Brands Inc. (CAG) EVP Sells $4,516,912.50 in Stock

Conagra Brands Inc. (NYSE:CAG) EVP Colleen Batcheler sold 120,451 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 211,514 shares of the company’s stock, valued at $7,931,775. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Colleen Batcheler also recently made the following trade(s):

  • On Friday, October 13th, Colleen Batcheler sold 133,869 shares of Conagra Brands stock. The shares were sold at an average price of $34.28, for a total transaction of $4,589,029.32.

Conagra Brands Inc. (NYSE:CAG) opened at $37.47 on Monday. The firm has a market capitalization of $15,306.42, a PE ratio of 20.82, a PEG ratio of 2.83 and a beta of 0.36. Conagra Brands Inc. has a twelve month low of $32.16 and a twelve month high of $41.68. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, September 28th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. sell-side analysts forecast that Conagra Brands Inc. will post 1.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, October 13th were issued a $0.2125 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.27%. Conagra Brands’s dividend payout ratio is 60.28%.

A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in Conagra Brands by 64.0% in the third quarter. American Century Companies Inc. now owns 11,938,659 shares of the company’s stock worth $402,810,000 after buying an additional 4,660,867 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Conagra Brands by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 8,445,440 shares of the company’s stock worth $302,009,000 after buying an additional 285,685 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Conagra Brands by 10,072.6% in the second quarter. Janus Henderson Group PLC now owns 6,144,061 shares of the company’s stock worth $219,711,000 after buying an additional 6,083,663 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Conagra Brands by 49.8% in the second quarter. Alliancebernstein L.P. now owns 5,674,123 shares of the company’s stock worth $202,907,000 after buying an additional 1,886,614 shares during the last quarter. Finally, Valueinvest Asset Management S.A. increased its holdings in Conagra Brands by 15.7% in the third quarter. Valueinvest Asset Management S.A. now owns 4,591,150 shares of the company’s stock worth $154,905,000 after buying an additional 621,600 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Conagra Brands in a research note on Friday, September 29th. Credit Suisse Group reaffirmed a “hold” rating and set a $39.00 price objective on shares of Conagra Brands in a research note on Friday, August 11th. Zacks Investment Research raised shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, November 22nd. BidaskClub raised shares of Conagra Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Stifel Nicolaus raised shares of Conagra Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $36.00 to $38.00 in a research note on Sunday, October 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.03.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Conagra Brands Inc. (CAG) EVP Sells $4,516,912.50 in Stock” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/12/04/insider-selling-conagra-brands-inc-cag-evp-sells-4516912-50-in-stock.html.

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.

What are top analysts saying about Conagra Brands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Conagra Brands Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit