Capstone Triton Financial Group LLC Reduces Position in Conagra Brands, Inc. (NYSE:CAG)

Capstone Triton Financial Group LLC trimmed its holdings in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,700 shares of the company’s stock after selling 7,316 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Conagra Brands were worth $880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CAG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Conagra Brands by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,185 shares of the company’s stock worth $2,155,000 after acquiring an additional 3,975 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Conagra Brands by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 309,389 shares of the company’s stock worth $10,942,000 after acquiring an additional 1,186 shares during the last quarter. Synovus Financial Corp grew its stake in Conagra Brands by 3.7% in the first quarter. Synovus Financial Corp now owns 22,548 shares of the company’s stock worth $758,000 after purchasing an additional 807 shares in the last quarter. Blair William & Co. IL grew its stake in Conagra Brands by 19.8% in the first quarter. Blair William & Co. IL now owns 27,151 shares of the company’s stock worth $911,000 after purchasing an additional 4,487 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Conagra Brands by 509.0% in the first quarter. Allianz Asset Management GmbH now owns 366,225 shares of the company’s stock worth $12,294,000 after purchasing an additional 306,086 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CAG shares. Evercore ISI downgraded Conagra Brands from an “outperform” rating to an “in-line” rating and set a $32.00 price target for the company. in a research note on Monday, December 11th. Citigroup started coverage on Conagra Brands in a research note on Thursday, February 1st. They issued a “neutral” rating and a $30.00 price target for the company. Royal Bank of Canada decreased their price target on 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, Wells Fargo & Company started coverage on Conagra Brands in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $31.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of “Hold” and an average target price of $32.87.

Check Out Our Latest Research Report on CAG

Conagra Brands Stock Performance

Shares of NYSE CAG traded up $0.17 during midday trading on Friday, hitting $28.07. 11,697,724 shares of the company’s stock were exchanged, compared to its average volume of 4,961,102. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.31. The stock’s 50 day moving average price is $28.42 and its 200-day moving average price is $28.32. The firm has a market cap of $13.42 billion, a P/E ratio of 13.63, a PEG ratio of 3.01 and a beta of 0.42. Conagra Brands, Inc. has a twelve month low of $25.16 and a twelve month high of $38.94.

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

Conagra Brands Company 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.

See Also

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

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