Community Bank N.A. Acquires 795 Shares of Conagra Brands, Inc. (NYSE:CAG)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAG. State Street Corp increased its position in Conagra Brands by 7.4% during the third quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after acquiring an additional 1,691,945 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after purchasing an additional 618,096 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Conagra Brands by 1.7% during the third quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company’s stock worth $373,180,000 after purchasing an additional 196,100 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Conagra Brands by 2.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company’s stock valued at $204,571,000 after buying an additional 122,590 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Conagra Brands by 106.4% during the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock valued at $197,624,000 after buying an additional 3,133,200 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Down 1.0 %

Shares of NYSE CAG opened at $25.65 on Friday. The company has a market capitalization of $12.24 billion, a price-to-earnings 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 current ratio of 0.70 and a quick ratio of 0.22. The business has a 50-day moving average of $25.62 and a two-hundred day moving average of $27.86. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating 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 firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CAG shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Barclays decreased their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company dropped their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Hold” and a consensus price target of $28.33.

About Conagra Brands

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.