Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 40.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,299 shares of the company's stock after acquiring an additional 26,788 shares during the period. Intech Investment Management LLC's holdings in Conagra Brands were worth $2,589,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC purchased a new position in shares of Conagra Brands during the 3rd quarter worth $224,000. Thrivent Financial for Lutherans lifted its position in Conagra Brands by 13.1% in the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company's stock valued at $1,088,000 after buying an additional 3,867 shares during the last quarter. Swiss National Bank boosted its stake in Conagra Brands by 0.3% during the third quarter. Swiss National Bank now owns 1,419,312 shares of the company's stock worth $46,156,000 after buying an additional 3,900 shares during the period. Caprock Group LLC increased its position in shares of Conagra Brands by 32.9% during the third quarter. Caprock Group LLC now owns 26,971 shares of the company's stock valued at $877,000 after acquiring an additional 6,677 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of Conagra Brands during the third quarter valued at about $360,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands Stock Up 0.3 %

Shares of CAG stock traded up $0.08 during trading hours on Monday, reaching $25.76. 5,538,424 shares of the stock were exchanged, compared to its average volume of 4,834,814. The business's fifty day moving average is $25.62 and its two-hundred day moving average is $27.83. The firm has a market capitalization of $12.29 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

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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, 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 the consensus estimate of $3.15 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CAG shares. Citigroup lowered their price objective 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. 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. Stifel Nicolaus cut their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and dropped their target price for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Nine 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 company. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of "Hold" and a consensus price target of $28.20.

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.