Financial Partners Capital Management LLC Has $1.09 Million Holdings in Conagra Brands Inc. (CAG)

Financial Partners Capital Management LLC raised its stake in Conagra Brands Inc. (NYSE:CAG) by 14.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,483 shares of the company’s stock after acquiring an additional 3,809 shares during the period. Financial Partners Capital Management LLC’s holdings in Conagra Brands were worth $1,090,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sun Life Financial INC grew its position in Conagra Brands by 32,666.7% in the second quarter. Sun Life Financial INC now owns 2,949 shares of the company’s stock valued at $105,000 after acquiring an additional 2,940 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Conagra Brands in the first quarter worth $110,000. Bronfman E.L. Rothschild L.P. boosted its stake in Conagra Brands by 143.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,139 shares of the company’s stock worth $112,000 after purchasing an additional 1,851 shares in the last quarter. Alpha Windward LLC boosted its stake in Conagra Brands by 5.8% in the second quarter. Alpha Windward LLC now owns 3,578 shares of the company’s stock worth $128,000 after purchasing an additional 196 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Conagra Brands by 53.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,833 shares of the company’s stock worth $137,000 after purchasing an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

In related news, Director Ruth Ann Marshall sold 6,046 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $33.22, for a total transaction of $200,848.12. Following the sale, the director now owns 89,260 shares of the company’s stock, valued at approximately $2,965,217.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

A number of equities analysts have commented on CAG shares. BidaskClub lowered Conagra Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Bank of America Corporation reissued a “buy” rating and issued a $43.00 price objective (down previously from $44.00) on shares of Conagra Brands in a research note on Monday, June 26th. Credit Suisse Group reduced their price objective on Conagra Brands from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, September 25th. Morgan Stanley reissued an “overweight” rating and issued a $42.00 price objective (down previously from $43.00) on shares of Conagra Brands in a research note on Monday, June 26th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Conagra Brands in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Conagra Brands has a consensus rating of “Hold” and a consensus price target of $41.31.

COPYRIGHT VIOLATION NOTICE: “Financial Partners Capital Management LLC Has $1.09 Million Holdings in Conagra Brands Inc. (CAG)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/financial-partners-capital-management-llc-has-1-09-million-holdings-in-conagra-brands-inc-cag.html.

Shares of Conagra Brands Inc. (NYSE:CAG) traded up 0.583% during trading on Tuesday, hitting $33.655. The stock had a trading volume of 966,597 shares. The stock has a 50 day moving average price of $33.79 and a 200-day moving average price of $36.41. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 24.195 and a beta of 0.31. Conagra Brands Inc. has a one year low of $32.16 and a one year high of $41.68.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, September 28th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.37 EPS. Conagra Brands’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts predict that Conagra Brands Inc. will post $1.88 earnings per share for the current year.

Conagra Brands announced that its board has authorized a stock buyback plan on Thursday, June 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 13th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is M

Other large investors also recently made changes to their positions in the company. Sun Life Financial INC grew its position in Conagra Brands by 32,666.7% in the second quarter. Sun Life Financial INC now owns 2,949 shares of the company’s stock valued at $105,000 after acquiring an additional 2,940 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Conagra Brands in the first quarter worth $110,000. Bronfman E.L. Rothschild L.P. boosted its stake in Conagra Brands by 143.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,139 shares of the company’s stock worth $112,000 after purchasing an additional 1,851 shares in the last quarter. Alpha Windward LLC boosted its stake in Conagra Brands by 5.8% in the second quarter. Alpha Windward LLC now owns 3,578 shares of the company’s stock worth $128,000 after purchasing an additional 196 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Conagra Brands by 53.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,833 shares of the company’s stock worth $137,000 after purchasing an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

In related news, Director Ruth Ann Marshall sold 6,046 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $33.22, for a total transaction of $200,848.12. Following the sale, the director now owns 89,260 shares of the company’s stock, valued at approximately $2,965,217.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

A number of equities analysts have commented on CAG shares. BidaskClub lowered Conagra Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Bank of America Corporation reissued a “buy” rating and issued a $43.00 price objective (down previously from $44.00) on shares of Conagra Brands in a research note on Monday, June 26th. Credit Suisse Group reduced their price objective on Conagra Brands from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, September 25th. Morgan Stanley reissued an “overweight” rating and issued a $42.00 price objective (down previously from $43.00) on shares of Conagra Brands in a research note on Monday, June 26th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Conagra Brands in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Conagra Brands has a consensus rating of “Hold” and a consensus price target of $41.31.

COPYRIGHT VIOLATION NOTICE: “Financial Partners Capital Management LLC Has $1.09 Million Holdings in Conagra Brands Inc. (CAG)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/financial-partners-capital-management-llc-has-1-09-million-holdings-in-conagra-brands-inc-cag.html.

Shares of Conagra Brands Inc. (NYSE:CAG) traded up 0.583% during trading on Tuesday, hitting $33.655. The stock had a trading volume of 966,597 shares. The stock has a 50 day moving average price of $33.79 and a 200-day moving average price of $36.41. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 24.195 and a beta of 0.31. Conagra Brands Inc. has a one year low of $32.16 and a one year high of $41.68.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, September 28th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Conagra Brands had a return on equity of 18.35% and a net margin of 7.83%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.37 EPS. Conagra Brands’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts predict that Conagra Brands Inc. will post $1.88 earnings per share for the current year.

Conagra Brands announced that its board has authorized a stock buyback plan on Thursday, June 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 13th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, October 30th. Conagra Brands’s dividend payout ratio (DPR) is 60.28%.

Conagra Brands Profile

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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