Royal London Asset Management Ltd. Sells 1,228 Shares of Conagra Brands, Inc. (NYSE:CAG)

Royal London Asset Management Ltd. decreased its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 194,861 shares of the company’s stock after selling 1,228 shares during the period. Royal London Asset Management Ltd.’s holdings in Conagra Brands were worth $5,407,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands during the 4th quarter valued at $28,000. Riverview Trust Co bought a new stake in Conagra Brands during the fourth quarter valued at about $29,000. Grove Bank & Trust lifted its position in shares of 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Conagra Brands in the fourth quarter worth about $41,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Conagra Brands in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CAG shares. Bank of America dropped their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. Stifel Nicolaus decreased their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Finally, Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. 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 company’s stock. According to MarketBeat, Conagra Brands currently has an average rating of “Hold” and an average target price of $28.33.

Conagra Brands Stock Down 1.0 %

NYSE CAG opened at $25.65 on Monday. 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 52 week low of $23.06 and a 52 week high of $33.24. The firm 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 company has a fifty day moving average of $25.62 and a two-hundred day moving average of $27.83.

Conagra Brands (NYSE:CAG) last released 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. 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 during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share 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.