Thrivent Financial for Lutherans boosted its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,585 shares of the company’s stock after acquiring an additional 3,688 shares during the period. Thrivent Financial for Lutherans’ holdings in Conagra Brands were worth $440,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Regent Investment Management LLC boosted its position in shares of Conagra Brands by 9.0% during the fourth quarter. Regent Investment Management LLC now owns 9,945 shares of the company’s stock worth $212,000 after purchasing an additional 820 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Conagra Brands by 15.1% during the fourth quarter. Synovus Financial Corp now owns 10,450 shares of the company’s stock worth $222,000 after purchasing an additional 1,373 shares in the last quarter. Securian Asset Management Inc boosted its position in shares of Conagra Brands by 24.2% during the fourth quarter. Securian Asset Management Inc now owns 49,075 shares of the company’s stock worth $1,048,000 after purchasing an additional 9,574 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Conagra Brands by 0.8% during the third quarter. Vanguard Group Inc now owns 45,019,445 shares of the company’s stock worth $1,529,309,000 after purchasing an additional 362,347 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Conagra Brands by 29.9% during the fourth quarter. Bank of Nova Scotia now owns 104,661 shares of the company’s stock worth $2,234,000 after purchasing an additional 24,063 shares in the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

CAG has been the topic of a number of recent analyst reports. Goldman Sachs Group cut shares of Conagra Brands from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Credit Suisse Group set a $39.00 price target on shares of Conagra Brands and gave the stock a “hold” rating in a research report on Thursday, December 20th. Jefferies Financial Group reissued a “buy” rating and set a $44.00 price target on shares of Conagra Brands in a research report on Wednesday, December 19th. Barclays reissued a “buy” rating and set a $30.00 price target on shares of Conagra Brands in a research report on Sunday, December 23rd. Finally, ValuEngine cut shares of Conagra Brands from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Conagra Brands presently has a consensus rating of “Buy” and an average target price of $37.90.

CAG opened at $29.75 on Monday. The firm has a market capitalization of $14.46 billion, a P/E ratio of 14.10, a P/E/G ratio of 2.16 and a beta of 0.77. Conagra Brands Inc has a 12 month low of $20.22 and a 12 month high of $39.43. The company has a current ratio of 1.31, a quick ratio of 0.58 and a debt-to-equity ratio of 1.49.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Conagra Brands had a net margin of 6.99% and a return on equity of 16.40%. The firm’s revenue was up 35.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, equities analysts forecast that Conagra Brands Inc will post 2.07 EPS for the current year.

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About Conagra Brands

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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

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