Northwest & Ethical Investments L.P. Buys Shares of 42,276 Conagra Brands, Inc. (NYSE:CAG)

Northwest & Ethical Investments L.P. bought a new stake in Conagra Brands, Inc. (NYSE:CAG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,276 shares of the company’s stock, valued at approximately $1,173,000.

Several other large investors have also recently bought and sold shares of CAG. Grove Bank & Trust lifted its stake in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after acquiring an additional 447 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock valued at $2,346,000 after purchasing an additional 501 shares during the period. Xponance Inc. raised its position in shares of Conagra Brands by 0.8% in the fourth quarter. Xponance Inc. now owns 65,680 shares of the company’s stock valued at $1,823,000 after purchasing an additional 505 shares during the period. International Private Wealth Advisors LLC raised its position in shares of Conagra Brands by 5.2% in the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock valued at $295,000 after purchasing an additional 527 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after purchasing an additional 529 shares during the period. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Price Performance

CAG stock opened at $25.65 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The firm has a market cap of $12.24 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.76 and a beta of 0.18. The company’s 50-day moving average price is $25.62 and its two-hundred day moving average price is $27.89.

Conagra Brands (NYSE:CAG) last released its earnings results 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 net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the firm earned $0.71 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CAG has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. Stifel Nicolaus dropped their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $33.00 to $26.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Wells Fargo & Company lowered their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Conagra Brands currently has an average rating of “Hold” and a consensus price target of $28.33.

Conagra Brands Company 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.