The Daiwa Securities Group Inc. Raises Stake in Conagra Brands Inc (CAG)

The Daiwa Securities Group Inc. Raises Stake in Conagra Brands Inc (CAG)

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Conagra Brands by 30.3% in the first quarter. Wells Fargo & Company MN now owns 7,336,632 shares of the company’s stock valued at $295,959,000 after buying an additional 1,706,553 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Conagra Brands by 22.0% in the third quarter. Neuberger Berman Group LLC now owns 6,378,345 shares of the company’s stock valued at $300,484,000 after buying an additional 1,150,774 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Conagra Brands by 13.9% in the first quarter. American Century Companies Inc. now owns 6,177,203 shares of the company’s stock valued at $249,188,000 after buying an additional 753,028 shares in the last quarter. Norges Bank purchased a new stake in shares of Conagra Brands during the fourth quarter valued at about $210,860,000. Finally, Bank of Montreal Can increased its stake in shares of Conagra Brands by 134.5% in the first quarter. Bank of Montreal Can now owns 3,366,929 shares of the company’s stock valued at $135,821,000 after buying an additional 1,931,340 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Daiwa Securities Group Inc. increased its stake in shares of Conagra Brands Inc (NYSE:CAG) by 6.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 11,300 shares of the company’s stock after buying an additional 700 shares during the period. Daiwa Securities Group Inc.’s holdings in Conagra Brands were worth $456,000 as of its most recent SEC filing.

Shares of Conagra Brands Inc (NYSE:CAG) opened at 39.59 on Monday. The company’s 50-day moving average price is $38.67 and its 200 day moving average price is $39.17. Conagra Brands Inc has a 52 week low of $33.08 and a 52 week high of $41.68. The company has a market cap of $16.85 billion, a P/E ratio of 28.79 and a beta of 0.30.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, March 23rd. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Conagra Brands had a return on equity of 25.62% and a net margin of 6.00%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts anticipate that Conagra Brands Inc will post $1.72 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Friday, April 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Wednesday, April 26th. Conagra Brands’s dividend payout ratio (DPR) is currently 55.94%.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, March 23rd. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Conagra Brands had a return on equity of 25.62% and a net margin of 6.00%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts anticipate that Conagra Brands Inc will post $1.72 earnings per share for the current fiscal year. CAG has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Conagra Brands from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 24th. Deutsche Bank AG began coverage on Conagra Brands in a report on Wednesday, February 15th. They set a “buy” rating and a $46.00 target price for the company. Zacks Investment Research downgraded Conagra Brands from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. JPMorgan Chase & Co. decreased their price objective on Conagra Brands from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, May 31st. Finally, Sanford C. Bernstein downgraded Conagra Brands from a “market perform” rating to an “underperform” rating and set a $36.00 price objective for the company. in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Conagra Brands has an average rating of “Buy” and a consensus price target of $44.76.

In other news, Director Ruth Ann Marshall sold 6,046 shares of Conagra Brands stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $40.61, for a total transaction of $245,528.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is currently owned by insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CAG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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