Conagra Brands Inc (CAG) Stake Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Conagra Brands Inc (NYSE:CAG) by 23.2% during the fourth quarter, Holdings Channel reports. The fund owned 91,751 shares of the company’s stock after purchasing an additional 17,278 shares during the period. Commonwealth Equity Services LLC’s holdings in Conagra Brands were worth $1,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new position in Conagra Brands during the 4th quarter worth approximately $26,000. Timber Creek Capital Management LLC grew its stake in Conagra Brands by 143.1% during the 4th quarter. Timber Creek Capital Management LLC now owns 1,580 shares of the company’s stock worth $33,000 after buying an additional 930 shares during the last quarter. Old North State Trust LLC grew its stake in Conagra Brands by 102.3% during the 4th quarter. Old North State Trust LLC now owns 1,576 shares of the company’s stock worth $33,000 after buying an additional 797 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Conagra Brands by 2,430.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,091,176 shares of the company’s stock worth $51,000 after buying an additional 1,048,060 shares during the last quarter. Finally, Cavalier Investments LLC purchased a new position in Conagra Brands during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Conagra Brands stock opened at $23.04 on Thursday. Conagra Brands Inc has a twelve month low of $20.22 and a twelve month high of $39.43. The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 1.58. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 1.58 and a beta of 0.74.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 20th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Conagra Brands had a return on equity of 19.45% and a net margin of 9.07%. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts forecast that Conagra Brands Inc will post 2.06 EPS for the current year.

A number of research analysts recently issued reports on CAG shares. Goldman Sachs Group downgraded Conagra Brands from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Credit Suisse Group set a $39.00 price target on Conagra Brands and gave the stock a “hold” rating in a research note on Thursday, December 20th. Jefferies Financial Group restated a “buy” rating and set a $44.00 price target on shares of Conagra Brands in a research note on Wednesday, December 19th. Sanford C. Bernstein downgraded Conagra Brands from a “market perform” rating to an “underperform” rating in a research note on Wednesday, November 14th. Finally, Barclays reaffirmed a “buy” rating and set a $30.00 price objective on shares of Conagra Brands in a research report on Sunday, December 23rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.40.

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Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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