Boston Common Asset Management LLC Sells 201,633 Shares of Conagra Brands, Inc. (NYSE:CAG)

Boston Common Asset Management LLC lessened its stake in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 48.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,600 shares of the company’s stock after selling 201,633 shares during the quarter. Boston Common Asset Management LLC’s holdings in Conagra Brands were worth $6,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAG. The Manufacturers Life Insurance Company raised its holdings in shares of Conagra Brands by 120.3% in the third quarter. The Manufacturers Life Insurance Company now owns 859,656 shares of the company’s stock valued at $23,572,000 after purchasing an additional 469,421 shares during the last quarter. Invesco Ltd. boosted its position in shares of Conagra Brands by 37.1% during the 3rd quarter. Invesco Ltd. now owns 9,675,187 shares of the company’s stock valued at $265,294,000 after purchasing an additional 2,619,372 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in Conagra Brands by 21.7% in the third quarter. Brandywine Global Investment Management LLC now owns 1,867,203 shares of the company’s stock valued at $51,199,000 after acquiring an additional 333,326 shares during the period. Aigen Investment Management LP boosted its stake in Conagra Brands by 294.8% during the 3rd quarter. Aigen Investment Management LP now owns 105,923 shares of the company’s stock valued at $2,904,000 after purchasing an additional 79,092 shares during the last quarter. Finally, FMR LLC grew its position in Conagra Brands by 7.3% in the 3rd quarter. FMR LLC now owns 1,663,917 shares of the company’s stock worth $45,625,000 after purchasing an additional 113,241 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Conagra Brands Price Performance

Shares of Conagra Brands stock opened at $28.07 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. Conagra Brands, Inc. has a 52 week low of $25.16 and a 52 week high of $38.94. The stock’s 50-day simple moving average is $28.42 and its 200-day simple moving average is $28.32. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.01 and a beta of 0.42.

Conagra Brands (NYSE:CAGGet Free Report) last posted its quarterly earnings results on Thursday, January 4th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.23 billion. Conagra Brands had a return on equity of 14.78% and a net margin of 8.09%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. As a group, analysts expect that Conagra Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Evercore ISI cut Conagra Brands from an “outperform” rating to an “in-line” rating and set a $32.00 price objective on the stock. in a research note on Monday, December 11th. Wells Fargo & Company initiated coverage on Conagra Brands in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $31.00 price target for the company. Royal Bank of Canada decreased their price target on shares of Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 3rd. Finally, Citigroup initiated coverage on shares of Conagra Brands in a research report on Thursday, February 1st. They set a “neutral” rating and a $30.00 price target for the company. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.87.

Check Out Our Latest Analysis on CAG

Conagra Brands Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.