Kingswood Wealth Advisors LLC Sells 8,063 Shares of Conagra Brands, Inc. (NYSE:CAG)

Kingswood Wealth Advisors LLC reduced its position in shares of Conagra Brands, Inc. (NYSE:CAGFree Report) by 29.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,148 shares of the company’s stock after selling 8,063 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Conagra Brands were worth $549,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Conagra Brands by 120.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 859,656 shares of the company’s stock worth $23,572,000 after buying an additional 469,421 shares during the period. Adams Asset Advisors LLC acquired a new stake in shares of Conagra Brands in the fourth quarter worth $7,690,000. Invesco Ltd. increased its position in Conagra Brands by 37.1% during the third quarter. Invesco Ltd. now owns 9,675,187 shares of the company’s stock worth $265,294,000 after acquiring an additional 2,619,372 shares during the period. Brandywine Global Investment Management LLC raised its stake in Conagra Brands by 21.7% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 1,867,203 shares of the company’s stock valued at $51,199,000 after purchasing an additional 333,326 shares during the last quarter. Finally, Aigen Investment Management LP raised its stake in Conagra Brands by 294.8% during the 3rd quarter. Aigen Investment Management LP now owns 105,923 shares of the company’s stock valued at $2,904,000 after purchasing an additional 79,092 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CAG. Evercore ISI downgraded shares of Conagra Brands from an “outperform” rating to an “in-line” rating and set a $32.00 price objective on the stock. in a report on Monday, December 11th. Royal Bank of Canada decreased their target price on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 3rd. Citigroup started coverage on Conagra Brands in a report on Thursday, February 1st. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Conagra Brands in a report on Tuesday, December 12th. They set an “equal weight” rating and a $31.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.87.

Read Our Latest Analysis on Conagra Brands

Conagra Brands Stock Performance

Shares of NYSE:CAG opened at $29.49 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.91 and a quick ratio of 0.31. The business’s fifty day moving average price is $28.42 and its two-hundred day moving average price is $28.30. Conagra Brands, Inc. has a fifty-two week low of $25.16 and a fifty-two week high of $38.94. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.42.

Conagra Brands (NYSE:CAGGet Free Report) last issued its earnings results on Thursday, January 4th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.23 billion. Conagra Brands had a net margin of 8.09% and a return on equity of 14.78%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. As a group, analysts predict that Conagra Brands, Inc. will post 2.59 EPS for the current fiscal year.

Conagra Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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