Cibc World Markets Corp Purchases 24,110 Shares of Conagra Brands, Inc. (NYSE:CAG)

Cibc World Markets Corp raised its position in Conagra Brands, Inc. (NYSE:CAG) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,275 shares of the company’s stock after purchasing an additional 24,110 shares during the quarter. Cibc World Markets Corp’s holdings in Conagra Brands were worth $5,197,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Brookstone Capital Management raised its position in shares of Conagra Brands by 18.4% during the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock worth $11,085,000 after acquiring an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Conagra Brands by 110.8% during the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock worth $1,196,000 after acquiring an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock worth $2,175,000 after acquiring an additional 22,790 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after acquiring an additional 618,096 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Conagra Brands by 21,015.0% during the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after acquiring an additional 10,604,367 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Barclays decreased their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Finally, The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.33.

Conagra Brands Trading Down 0.4 %

Shares of Conagra Brands stock opened at $25.91 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The stock has a 50 day moving average price of $25.64 and a two-hundred day moving average price of $27.94. The stock has a market capitalization of $12.36 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.