Frank Rimerman Advisors LLC Has $554,000 Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Frank Rimerman Advisors LLC increased its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 120.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,961 shares of the company's stock after purchasing an additional 10,914 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Conagra Brands were worth $554,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. KBC Group NV lifted its stake in Conagra Brands by 5.7% during the third quarter. KBC Group NV now owns 77,815 shares of the company's stock valued at $2,531,000 after buying an additional 4,193 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in Conagra Brands during the third quarter worth $224,000. Empirical Finance LLC raised its stake in Conagra Brands by 2.3% during the third quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock worth $533,000 after acquiring an additional 362 shares in the last quarter. Alpha Family Trust acquired a new position in Conagra Brands during the third quarter worth $217,000. Finally, Thrivent Financial for Lutherans raised its stake in Conagra Brands by 13.1% during the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company's stock worth $1,088,000 after acquiring an additional 3,867 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Price Performance

Shares of NYSE:CAG traded up $0.45 during midday trading on Monday, reaching $26.10. The company's stock had a trading volume of 4,374,077 shares, compared to its average volume of 4,750,849. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The company has a market capitalization of $12.46 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The business's fifty day simple moving average is $25.67 and its 200-day simple moving average is $27.99.

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Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during 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 company's revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. As a group, equities research analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CAG. Barclays dropped their price objective 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. Wells Fargo & Company dropped their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus dropped their price objective 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. The Goldman Sachs Group lowered 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 research note on Monday, February 24th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of "Hold" and an average price target of $28.33.

About Conagra Brands

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.