Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its holdings in Conagra Brands, Inc. (NYSE:CAG) by 15.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,637 shares of the company’s stock after selling 27,851 shares during the period. Commonwealth Equity Services LLC’s holdings in Conagra Brands were worth $4,208,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in shares of Conagra Brands by 106.4% during the third quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock worth $197,624,000 after acquiring an additional 3,133,200 shares during the period. Holocene Advisors LP acquired a new position in Conagra Brands during the 3rd quarter worth $65,932,000. State Street Corp raised its position in Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after purchasing an additional 1,691,945 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Conagra Brands in the 3rd quarter valued at about $46,990,000. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Conagra Brands by 114.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,927,141 shares of the company’s stock worth $53,478,000 after buying an additional 1,028,631 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAG. Bank of America decreased 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 note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. Wells Fargo & Company dropped their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Eight 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. According to MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $28.33.

Conagra Brands Stock Down 1.0 %

CAG opened at $25.65 on Monday. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The stock has a market capitalization of $12.24 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business’s 50-day simple moving average is $25.62 and its 200-day simple moving average is $27.83.

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

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.