Daiwa Securities Group Inc. Boosts Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Daiwa Securities Group Inc. lifted its holdings in Conagra Brands, Inc. (NYSE:CAG) by 7.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 62,930 shares of the company’s stock after purchasing an additional 4,435 shares during the period. Daiwa Securities Group Inc.’s holdings in Conagra Brands were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Conagra Brands by 0.6% during the third quarter. Principal Financial Group Inc. now owns 573,789 shares of the company’s stock worth $18,660,000 after buying an additional 3,597 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Conagra Brands by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,225,637 shares of the company’s stock worth $39,858,000 after purchasing an additional 30,685 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Conagra Brands by 2.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 173,778 shares of the company’s stock valued at $5,651,000 after purchasing an additional 3,537 shares in the last quarter. KBC Group NV grew its stake in Conagra Brands by 5.7% in the third quarter. KBC Group NV now owns 77,815 shares of the company’s stock valued at $2,531,000 after purchasing an additional 4,193 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Conagra Brands in the third quarter worth about $224,000. 83.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CAG shares. Barclays lowered their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Citigroup cut their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Bank of America decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price 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. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.33.

Conagra Brands Stock Performance

CAG opened at $25.66 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. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The firm has a 50 day moving average of $25.68 and a two-hundred day moving average of $28.08. The firm has a market capitalization of $12.25 billion, a PE ratio of 25.16, a P/E/G ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm 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 firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. On average, analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS for the current year.

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.