Weekly CEO Buys Highlight

Insider invests in Conagra Brands

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Oct 15, 2018
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According to GuruFocus insider data, this is the largest CEO buy from the past week.

Conagra Brands CEO bought 14,184 shares

Conagra Brands Inc. (CAG, Financial) President and CEO Sean Connolly bought 14,184 shares on Oct. 12 at a price of $35.25 per share. The stock price has increased 0.26% since then.

Conagra Brands produces and sells packaged food in a variety of categories and in various retail channels across frozen, refrigerated and shelf-stable temperature classes in North America. The company has a market cap of $13.85 billion. As of Oct. 12, its shares traded at $35.34 with a price-earnings ratio of 16.97.

Net income for the first quarter of 2018 was $178.2 million, compared to $153.3 million for the prior-year quarter.

Executive Vice President and Chief Financial Officer David S. Marberger bought 2,836 shares on Oct. 12 for an average price of $35.25 per share. Since then, the stock price has risen 0.26%. In addition, Director Thomas K. Brown bought 7,092 shares on Oct. 12.

For the complete list of stocks that were bought by company CEOs, go to CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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