Conagra Brands $CAG Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Conagra Brands (NYSE:CAG) by 305.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 545,114 shares of the company’s stock after acquiring an additional 410,505 shares during the quarter. SG Americas Securities LLC’s holdings in Conagra Brands were worth $9,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its position in shares of Conagra Brands by 2.3% during the 2nd quarter. State Street Corp now owns 26,202,392 shares of the company’s stock worth $536,363,000 after purchasing an additional 588,435 shares during the last quarter. Invesco Ltd. lifted its stake in Conagra Brands by 25.6% in the 3rd quarter. Invesco Ltd. now owns 15,587,877 shares of the company’s stock valued at $285,414,000 after buying an additional 3,173,767 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Conagra Brands by 21.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,674,084 shares of the company’s stock worth $268,672,000 after buying an additional 2,618,647 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Conagra Brands by 19.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,130,671 shares of the company’s stock worth $222,113,000 after buying an additional 1,984,873 shares during the last quarter. Finally, Norges Bank purchased a new stake in Conagra Brands during the 2nd quarter worth approximately $172,475,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Down 0.0%

CAG stock opened at $15.62 on Monday. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -70.98 and a beta of -0.02. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. Conagra Brands has a 12 month low of $15.03 and a 12 month high of $27.68. The firm has a 50-day moving average of $17.93 and a two-hundred day moving average of $17.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus reduced their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Sanford C. Bernstein dropped their price target on Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Bank of America reduced their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research note on Monday, December 22nd. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $15.00 price objective (down from $20.00) on shares of Conagra Brands in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $18.57.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.