Conagra Manufacturers, Inc. (NYSE:CAG – Get Score) was the recipient of a big development in brief curiosity in January. As of January fifteenth, there was quick curiosity totalling 9,960,000 shares, a development of 14.6% from the December thirty first whole of 8,690,000 shares. Primarily based on a mean every day buying and selling quantity, of three,830,000 shares, the days-to-cover ratio is presently 2.6 days. Roughly 2.1% of the corporate’s inventory are quick bought.
Insiders Place Their Bets
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In different information, SVP Robert G. Smart bought 50,000 shares of the enterprise’s inventory in a transaction dated Friday, January sixth. The shares had been bought at a mean value of $40.90, for a complete transaction of $2,045,000.00. Following the transaction, the senior vice chairman now instantly owns 22,717 shares within the firm, valued at roughly $929,125.30. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which may be accessed by means of the SEC web site. Insiders personal 0.98% of the corporate’s inventory.
Institutional Buying and selling of Conagra Manufacturers
Hedge funds have just lately added to or diminished their stakes within the inventory. Hexagon Capital Companions LLC raised its place in Conagra Manufacturers by 1,492.0% within the third quarter. Hexagon Capital Companions LLC now owns 796 shares of the corporate’s inventory value $26,000 after buying a further 746 shares throughout the interval. Sage Non-public Wealth Group LLC bought a brand new place in shares of Conagra Manufacturers within the second quarter value about $28,000. Centerpoint Advisors LLC bought a brand new place in shares of Conagra Manufacturers within the third quarter value about $33,000. Ronald Blue Belief Inc. elevated its stake in shares of Conagra Manufacturers by 117.5% within the fourth quarter. Ronald Blue Belief Inc. now owns 1,031 shares of the corporate’s inventory value $34,000 after buying a further 557 shares within the final quarter. Lastly, Quent Capital LLC elevated its stake in shares of Conagra Manufacturers by 410.5% within the fourth quarter. Quent Capital LLC now owns 970 shares of the corporate’s inventory value $38,000 after buying a further 780 shares within the final quarter. Institutional buyers personal 81.08% of the corporate’s inventory.
Conagra Manufacturers Inventory Down 0.1 %
CAG opened at $36.46 on Friday. The corporate has a debt-to-equity ratio of 0.92, a present ratio of 0.92 and a fast ratio of 0.29. The corporate’s 50-day transferring common is $38.38 and its 200 day transferring common is $35.83. Conagra Manufacturers has a fifty-two week low of $30.06 and a fifty-two week excessive of $41.30. The agency has a market capitalization of $17.38 billion, a P/E ratio of 25.86, a PEG ratio of 1.98 and a beta of 0.57.
Conagra Manufacturers (NYSE:CAG – Get Score) final launched its quarterly earnings outcomes on Thursday, January fifth. The corporate reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.15. Conagra Manufacturers had a internet margin of 5.66% and a return on fairness of 14.38%. The corporate had income of $3.31 billion for the quarter, in comparison with analyst estimates of $3.28 billion. Throughout the identical interval final yr, the agency earned $0.64 earnings per share. The agency’s income was up 8.3% on a year-over-year foundation. Analysis analysts anticipate that Conagra Manufacturers will publish 2.66 earnings per share for the present fiscal yr.
Conagra Manufacturers Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which will probably be paid on Thursday, March 2nd. Shareholders of report on Monday, January thirtieth will probably be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of three.62%. The ex-dividend date is Friday, January twenty seventh. Conagra Manufacturers’s dividend payout ratio is 93.62%.
Wall Road Analyst Weigh In
CAG has been the subject of a number of latest analyst studies. TheStreet upgraded shares of Conagra Manufacturers from a “c+” ranking to a “b-” ranking in a analysis observe on Friday, October twenty eighth. BNP Paribas started protection on shares of Conagra Manufacturers in a analysis report on Tuesday, November fifteenth. They set an “outperform” ranking and a $42.00 goal value on the inventory. Credit score Suisse Group elevated their goal value on shares of Conagra Manufacturers from $35.00 to $40.00 and gave the inventory a “impartial” ranking in a analysis report on Friday, January sixth. Stifel Nicolaus elevated their value goal on shares of Conagra Manufacturers from $35.00 to $44.00 in a analysis observe on Friday, January sixth. Lastly, JPMorgan Chase & Co. upped their value goal on shares of Conagra Manufacturers from $38.00 to $43.00 and gave the corporate a “impartial” ranking in a analysis report on Friday, January sixth. One equities analysis analyst has rated the inventory with a promote ranking, six have assigned a maintain ranking and 5 have assigned a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, the corporate has a mean ranking of “Maintain” and a mean value goal of $40.45.
Conagra Manufacturers Firm Profile
Conagra Manufacturers, Inc, along with its subsidiaries, operates as a client packaged items meals firm in North America. The corporate operates in 4 segments: Grocery & Snacks, Refrigerated & Frozen, Worldwide, and Foodservice. The Grocery & Snacks phase primarily affords shelf secure meals merchandise by means of varied retail channels in the US.
Additional Studying
This instantaneous information alert was generated by narrative science expertise and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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