Insider Selling: Conagra Brands Inc (NYSE:CAG) Director Sells 3,000 Shares of Stock

Conagra Brands Inc (NYSE:CAG) Director Ruth Ann Marshall sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $28.45, for a total value of $85,350.00. Following the completion of the transaction, the director now owns 102,387 shares of the company’s stock, valued at $2,912,910.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ruth Ann Marshall also recently made the following trade(s):

  • On Monday, July 1st, Ruth Ann Marshall sold 3,000 shares of Conagra Brands stock. The shares were sold at an average price of $27.00, for a total value of $81,000.00.
  • On Friday, April 26th, Ruth Ann Marshall sold 6,717 shares of Conagra Brands stock. The shares were sold at an average price of $31.00, for a total value of $208,227.00.

Shares of NYSE CAG opened at $27.61 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.28 and a quick ratio of 0.54. Conagra Brands Inc has a 12 month low of $20.22 and a 12 month high of $38.43. The business’s 50 day simple moving average is $28.36. The company has a market cap of $13.35 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.86 and a beta of 0.85.



Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, June 27th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). Conagra Brands had a return on equity of 13.74% and a net margin of 7.11%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The business’s revenue was up 32.9% compared to the same quarter last year. On average, equities analysts predict that Conagra Brands Inc will post 2.11 EPS for the current fiscal year.

A number of research analysts have weighed in on CAG shares. UBS Group set a $170.00 price target on United Rentals and gave the company a “buy” rating in a research note on Friday, June 28th. Evercore ISI started coverage on Mondelez International in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price target for the company. Bank of America set a $35.00 price target on Conagra Brands and gave the company a “buy” rating in a research note on Friday, June 28th. SunTrust Banks restated a “hold” rating and issued a $8.00 price target on shares of TrueCar in a research note on Tuesday, May 14th. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $35.23.

Several hedge funds and other institutional investors have recently modified their holdings of CAG. Old Port Advisors raised its holdings in Conagra Brands by 9.4% in the 2nd quarter. Old Port Advisors now owns 81,277 shares of the company’s stock valued at $2,297,000 after acquiring an additional 7,012 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Conagra Brands by 3.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 195,211 shares of the company’s stock valued at $5,177,000 after acquiring an additional 5,865 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Conagra Brands by 8.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 94,926 shares of the company’s stock valued at $2,517,000 after acquiring an additional 6,997 shares in the last quarter. Kwmg LLC raised its holdings in Conagra Brands by 4.7% in the 2nd quarter. Kwmg LLC now owns 81,333 shares of the company’s stock valued at $2,157,000 after acquiring an additional 3,643 shares in the last quarter. Finally, Pennsylvania Trust Co raised its holdings in Conagra Brands by 3.1% in the 2nd quarter. Pennsylvania Trust Co now owns 25,250 shares of the company’s stock valued at $670,000 after acquiring an additional 750 shares in the last quarter. Institutional investors own 88.55% of the company’s stock.

Conagra Brands Company Profile

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

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Insider Buying and Selling by Quarter for Conagra Brands (NYSE:CAG)

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