Farther Finance Advisors LLC Raises Position in Conagra Brands, Inc. (NYSE:CAG)

Farther Finance Advisors LLC boosted its stake in Conagra Brands, Inc. (NYSE:CAG) by 49.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,846 shares of the company’s stock after buying an additional 1,599 shares during the period. Farther Finance Advisors LLC’s holdings in Conagra Brands were worth $134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $29,000. Grove Bank & Trust lifted its holdings in shares of Conagra Brands by 65.4% during the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after purchasing an additional 447 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Conagra Brands during the fourth quarter valued at approximately $44,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 0.0 %

NYSE:CAG opened at $25.89 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a market cap of $12.36 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The company has a 50 day simple moving average of $25.63 and a two-hundred day simple moving average of $27.93.

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

Analyst Ratings Changes

CAG has been the subject of several recent research reports. Barclays lowered their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Bank of America lowered their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $26.00 in a report on Monday, February 24th. Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.33.

Conagra Brands 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.