Cibc World Markets Corp lifted its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,275 shares of the company's stock after acquiring an additional 24,110 shares during the period. Cibc World Markets Corp's holdings in Conagra Brands were worth $5,197,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust grew its position in Conagra Brands by 65.4% in the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after purchasing an additional 447 shares during the period. CIBC Asset Management Inc grew its position in Conagra Brands by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock worth $2,346,000 after purchasing an additional 501 shares during the period. International Private Wealth Advisors LLC grew its position in Conagra Brands by 5.2% in the 4th quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock worth $295,000 after purchasing an additional 527 shares during the period. ST Germain D J Co. Inc. grew its position in Conagra Brands by 36.2% in 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 grew its position in Conagra Brands by 1.1% in the 4th quarter. Arkadios Wealth Advisors now owns 53,369 shares of the company's stock worth $1,481,000 after purchasing an additional 600 shares during the period. Institutional investors own 83.75% of the company's stock.
Conagra Brands Price Performance
Shares of CAG traded down $0.26 during trading hours on Friday, reaching $25.65. 21,562,494 shares of the stock traded hands, compared to its average volume of 4,831,995. 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 52-week low of $23.06 and a 52-week high of $33.24. The company's 50-day moving average price is $25.62 and its two-hundred day moving average price is $27.86. The company has a market cap 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.
Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share 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 company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the previous year, the company earned $0.71 EPS. Conagra Brands's revenue for the quarter was down .4% on a year-over-year basis. On average, analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.
Wall Street Analyst Weigh In
CAG has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. Citigroup cut their target price 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. Stifel Nicolaus dropped their price target on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut shares of Conagra Brands from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Eight 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 data from MarketBeat, Conagra Brands has a consensus rating of "Hold" and a consensus target price of $28.33.
Get Our Latest Analysis on CAG
Conagra Brands Company Profile
(
Free Report)
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.
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