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Insider Trends: ConAgra Brands Insider Extends 90-Day Selling Trend

05/07/2021 17:15

09:02 PM EDT, 05/07/2021 (MT Newswires) -- Jana Partners Llc, Director, on May 06, 2021, sold 2,811,853 shares in ConAgra Brands (CAG) for $105,725,673. Subsequent to the Form 4 filing with the SEC, Jana Partners owns 8,051,004 shares of the company, which have a market value of $307 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 9 insider transactions reported to the SEC for ConAgra Brands. These transactions came from the activities of 6 individual insiders that resulted in a net disposition of 31,248 company shares. This compares with the preceding 90-day window of time where there were 5 transactions from 5 insiders which resulted in the net acquisition of 139,593 shares.

This is below the average for insider transactions in the 45-company Food Processing peer group over the last 90-day period. Activity in the peer group averaged 120.8 transactions per company, and disposition of 185,297 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/23217/000090266421002656/xslF345X03/ownership.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.