Conagra Brands, Inc. (NYSE:CAG) Stock Holdings Lifted by Community Bank N.A.

Community Bank N.A. boosted its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,232 shares of the company’s stock after purchasing an additional 795 shares during the period. Community Bank N.A.’s holdings in Conagra Brands were worth $1,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Conagra Brands in the fourth quarter worth $5,034,000. Virtu Financial LLC acquired a new position in shares of Conagra Brands in the 4th quarter valued at $235,000. Summit Global Investments acquired a new position in shares of Conagra Brands in the 4th quarter valued at $6,713,000. Kiker Wealth Management LLC acquired a new position in shares of Conagra Brands in the 4th quarter valued at $369,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Conagra Brands during the 4th quarter worth about $1,173,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 1.0 %

Shares of CAG opened at $25.65 on Friday. The business has a 50-day moving average of $25.62 and a 200 day moving average of $27.86. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The firm has a market cap of $12.24 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. 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 (NYSE:CAG) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, research analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America 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 Friday, December 20th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their target price 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 equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.