Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in Conagra Brands, Inc. (NYSE:CAG) by 48.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 211,736 shares of the company’s stock after acquiring an additional 68,684 shares during the quarter. Advisors Asset Management Inc.’s holdings in Conagra Brands were worth $5,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CAG. Grove Bank & Trust raised its stake in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after buying an additional 447 shares in the last quarter. CIBC Asset Management Inc raised its position in Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock worth $2,346,000 after acquiring an additional 501 shares in the last quarter. International Private Wealth Advisors LLC lifted its holdings in Conagra Brands by 5.2% in the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock valued at $295,000 after acquiring an additional 527 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of Conagra Brands by 36.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $55,000 after purchasing an additional 529 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of Conagra Brands by 1.1% in the 4th quarter. Arkadios Wealth Advisors now owns 53,369 shares of the company’s stock valued at $1,481,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

CAG has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. JPMorgan Chase & Co. lowered their price target on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Finally, Stifel Nicolaus cut their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.33.

Conagra Brands Stock Down 0.4 %

CAG opened at $25.91 on Thursday. The firm has a market cap of $12.36 billion, a P/E ratio of 25.40, a PEG ratio of 1.76 and a beta of 0.18. The business’s fifty day simple moving average is $25.64 and its 200 day simple moving average is $27.94. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

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