Ashton Thomas Private Wealth LLC Sells 10,181 Shares of Conagra Brands, Inc. (NYSE:CAG)

Ashton Thomas Private Wealth LLC lowered its stake in Conagra Brands, Inc. (NYSE:CAG) by 25.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,135 shares of the company’s stock after selling 10,181 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Conagra Brands were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Czech National Bank raised its holdings in shares of Conagra Brands by 0.5% in the first quarter. Czech National Bank now owns 84,105 shares of the company’s stock valued at $2,493,000 after purchasing an additional 392 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Conagra Brands by 5.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,894 shares of the company’s stock valued at $226,000 after purchasing an additional 403 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Conagra Brands by 48.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock valued at $40,000 after purchasing an additional 454 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Conagra Brands by 31.7% in the fourth quarter. Blue Trust Inc. now owns 1,967 shares of the company’s stock valued at $55,000 after purchasing an additional 473 shares during the last quarter. Finally, Stonegate Investment Group LLC raised its holdings in shares of Conagra Brands by 6.5% in the fourth quarter. Stonegate Investment Group LLC now owns 8,165 shares of the company’s stock valued at $234,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Insider Activity

In other news, EVP Charisse Brock sold 15,444 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the sale, the executive vice president now owns 113,254 shares of the company’s stock, valued at $3,439,523.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.88% of the stock is currently owned by company insiders.

Conagra Brands Stock Performance

CAG stock traded down $0.09 during midday trading on Friday, reaching $28.04. 697,942 shares of the company were exchanged, compared to its average volume of 4,651,874. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.95 and a quick ratio of 0.33. The business has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $29.23. Conagra Brands, Inc. has a one year low of $25.16 and a one year high of $33.71. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.73 and a beta of 0.32.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, April 4th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Conagra Brands had a net margin of 7.86% and a return on equity of 14.25%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. Equities research analysts forecast that Conagra Brands, Inc. will post 2.62 EPS for the current year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th were given a $0.35 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.99%. Conagra Brands’s payout ratio is presently 70.35%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CAG shares. Citigroup lowered their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Stifel Nicolaus boosted their target price on shares of Conagra Brands from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Wells Fargo & Company boosted their target price on shares of Conagra Brands from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Finally, Barclays boosted their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.00.

Conagra Brands Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.