Landscape Capital Management L.L.C. Purchases 845,659 Shares of Conagra Brands $CAG

Landscape Capital Management L.L.C. lifted its position in shares of Conagra Brands (NYSE:CAG) by 534.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,003,849 shares of the company’s stock after purchasing an additional 845,659 shares during the quarter. Conagra Brands accounts for approximately 1.2% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 6th largest holding. Landscape Capital Management L.L.C.’s holdings in Conagra Brands were worth $17,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPlan Investment Management LLC grew its stake in shares of Conagra Brands by 5.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock worth $189,000 after purchasing an additional 548 shares during the period. International Private Wealth Advisors LLC grew its stake in shares of Conagra Brands by 4.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company’s stock worth $228,000 after purchasing an additional 609 shares during the period. All Terrain Financial Advisors LLC grew its stake in shares of Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock worth $3,063,000 after purchasing an additional 609 shares during the period. Blair William & Co. IL grew its stake in shares of Conagra Brands by 0.5% during the 3rd quarter. Blair William & Co. IL now owns 136,235 shares of the company’s stock worth $2,494,000 after purchasing an additional 633 shares during the period. Finally, Jackson Hole Capital Partners LLC grew its stake in shares of Conagra Brands by 4.1% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock worth $311,000 after purchasing an additional 701 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Insider Buying and Selling at Conagra Brands

In other Conagra Brands news, Director Richard H. Lenny bought 25,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were bought at an average price of $14.34 per share, with a total value of $358,500.00. Following the purchase, the director directly owned 229,340 shares in the company, valued at $3,288,735.60. This trade represents a 12.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John J. Mulligan bought 17,500 shares of the stock in a transaction on Tuesday, April 14th. The shares were acquired at an average cost of $14.31 per share, for a total transaction of $250,425.00. Following the purchase, the director owned 20,728 shares in the company, valued at $296,617.68. The trade was a 542.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.57% of the company’s stock.

Conagra Brands Trading Up 2.1%

Shares of NYSE:CAG opened at $13.73 on Friday. Conagra Brands has a 1 year low of $12.53 and a 1 year high of $22.49. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of -137.31 and a beta of -0.02. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.30. The business’s 50 day moving average price is $14.05 and its 200-day moving average price is $16.35.

Conagra Brands (NYSE:CAG) last announced its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the business earned $0.51 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts forecast that Conagra Brands will post 1.7 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Thursday, April 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Thursday, April 30th. Conagra Brands’s payout ratio is -1,400.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CAG. Weiss Ratings raised shares of Conagra Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. TD Cowen decreased their target price on Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Wall Street Zen upgraded Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company decreased their target price on Conagra Brands from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, May 18th. Finally, Royal Bank Of Canada decreased their target price on Conagra Brands from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $14.33.

Conagra Brands Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.