CoreFirst Bank & Trust Takes $73,000 Position in Conagra Brands, Inc. (NYSE:CAG)

CoreFirst Bank & Trust bought a new position in Conagra Brands, Inc. (NYSE:CAG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,629 shares of the company’s stock, valued at approximately $73,000.

Several other hedge funds have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Conagra Brands during the fourth quarter valued at about $28,000. Riverview Trust Co bought a new position in Conagra Brands during the 4th quarter worth approximately $29,000. Grove Bank & Trust grew its position in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after acquiring an additional 447 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Conagra Brands in the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new stake in Conagra Brands in the fourth quarter valued at approximately $44,000. 83.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CAG has been the topic of several analyst reports. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company dropped their target price on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Bank of America reduced their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Conagra Brands currently has a consensus rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Stock Down 1.4 %

CAG stock opened at $25.38 on Wednesday. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business’s 50 day moving average price is $25.60 and its two-hundred day moving average price is $27.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70.

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.