Thompson Siegel & Walmsley LLC Acquires 1,028,631 Shares of Conagra Brands, Inc. (NYSE:CAG)

Thompson Siegel & Walmsley LLC boosted its stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 114.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,927,141 shares of the company's stock after purchasing an additional 1,028,631 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.40% of Conagra Brands worth $53,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ boosted its stake in Conagra Brands by 3.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 395,220 shares of the company's stock worth $10,884,000 after purchasing an additional 11,414 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Conagra Brands by 10.4% in the 4th quarter. Achmea Investment Management B.V. now owns 48,705 shares of the company's stock valued at $1,351,000 after acquiring an additional 4,603 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Conagra Brands by 49.2% in the 4th quarter. Farther Finance Advisors LLC now owns 4,846 shares of the company's stock valued at $134,000 after acquiring an additional 1,599 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Conagra Brands by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 13,321 shares of the company's stock valued at $370,000 after acquiring an additional 4,164 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Conagra Brands by 8.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 19,410 shares of the company's stock valued at $539,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

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Analyst Ratings Changes

CAG has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Citigroup lowered their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Wednesday, December 11th. Bank of America lowered their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Finally, Barclays decreased their price objective on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $28.33.

Conagra Brands Trading Up 1.7 %

CAG traded up $0.45 on Monday, hitting $26.10. 4,374,077 shares of the company were exchanged, compared to its average volume of 4,750,849. The firm has a fifty day simple moving average of $25.68 and a two-hundred day simple moving average of $28.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The stock has a market capitalization of $12.46 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $0.71 EPS. Conagra Brands's revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share 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.