Conagra Brands (NYSE:CAG) had its price objective boosted by research analysts at Stifel Nicolaus from $38.00 to $42.00 in a note issued to investors on Saturday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 11.49% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. Credit Suisse Group set a $40.00 price objective on shares of Conagra Brands and gave the company a “hold” rating in a research note on Monday, December 25th. Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 14th. UBS Group upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and increased their price objective for the company from $33.00 to $37.00 in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, November 22nd. Finally, Jefferies Group reiterated a “buy” rating and set a $40.00 price objective on shares of Conagra Brands in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.95.
Conagra Brands (CAG) opened at $37.67 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.11 and a quick ratio of 0.54. The company has a market cap of $15,543.35, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.88 and a beta of 0.37. Conagra Brands has a one year low of $32.16 and a one year high of $41.68.
In other Conagra Brands news, EVP Colleen Batcheler sold 133,869 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $34.28, for a total value of $4,589,029.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sun Life Financial INC boosted its stake in Conagra Brands by 32,666.7% in the second quarter. Sun Life Financial INC now owns 2,949 shares of the company’s stock valued at $105,000 after acquiring an additional 2,940 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Conagra Brands by 143.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,139 shares of the company’s stock valued at $112,000 after acquiring an additional 1,851 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Conagra Brands by 57.1% in the second quarter. Advisors Asset Management Inc. now owns 4,692 shares of the company’s stock valued at $168,000 after acquiring an additional 1,705 shares in the last quarter. Krilogy Financial LLC boosted its stake in Conagra Brands by 7.7% in the second quarter. Krilogy Financial LLC now owns 5,170 shares of the company’s stock valued at $185,000 after acquiring an additional 370 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its holdings in shares of Conagra Brands by 12.9% in the second quarter. Evercore Wealth Management LLC now owns 6,325 shares of the company’s stock worth $226,000 after buying an additional 725 shares during the last quarter. Institutional investors own 78.88% of the company’s stock.
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Conagra Brands Company Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
