Xponance Inc. Buys 505 Shares of Conagra Brands, Inc. (NYSE:CAG)

Xponance Inc. boosted its stake in Conagra Brands, Inc. (NYSE:CAG) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 65,680 shares of the company’s stock after acquiring an additional 505 shares during the quarter. Xponance Inc.’s holdings in Conagra Brands were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Conagra Brands in the 4th quarter valued at approximately $28,000. Riverview Trust Co bought a new position in Conagra Brands in the 4th quarter valued at approximately $29,000. Grove Bank & Trust increased its position in Conagra Brands by 65.4% in the 4th 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 period. SBI Securities Co. Ltd. acquired a new position in Conagra Brands in the 4th quarter valued at approximately $41,000. Finally, Stonebridge Financial Group LLC acquired a new position in Conagra Brands in the 4th quarter valued at approximately $44,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Down 1.0 %

NYSE:CAG opened at $25.65 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.76 and a beta of 0.18. The firm has a fifty day simple moving average of $25.62 and a two-hundred day simple moving average of $27.86. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. Analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CAG. Stifel Nicolaus decreased their price target 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. Wells Fargo & Company decreased their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Bank of America decreased their price target 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 cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price target for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Barclays decreased their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.