597,723 Shares in Conagra Brands, Inc. (NYSE:CAG) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 597,723 shares of the company's stock, valued at approximately $16,588,000. Raymond James Financial Inc. owned about 0.13% of Conagra Brands as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management increased its holdings in shares of Conagra Brands by 18.4% in the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock valued at $11,085,000 after acquiring an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Conagra Brands by 110.8% during the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock valued at $1,196,000 after purchasing an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after purchasing an additional 22,790 shares during the period. Nordea Investment Management AB raised its holdings in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after purchasing an additional 618,096 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock worth $346,495,000 after buying an additional 10,604,367 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company's stock.

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Conagra Brands Price Performance

CAG stock traded down $0.21 during trading on Wednesday, hitting $25.80. The company had a trading volume of 2,288,996 shares, compared to its average volume of 4,756,522. The business has a 50 day moving average of $25.66 and a 200 day moving average of $27.96. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.76 and a beta of 0.18. 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 fifty-two week low of $23.06 and a fifty-two week high of $33.24.

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, topping analysts' consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CAG shares. Citigroup dropped their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 11th. Stifel Nicolaus cut their price target on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company lowered 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. Barclays cut their target price on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Conagra Brands presently has a consensus rating of "Hold" and an average 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.