Teachers Advisors LLC boosted its position in Conagra Brands Inc (NYSE:CAG) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,127,997 shares of the company’s stock after acquiring an additional 26,304 shares during the quarter. Teachers Advisors LLC’s holdings in Conagra Brands were worth $117,832,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisor Partners LLC raised its stake in Conagra Brands by 11.7% in the 4th quarter. Advisor Partners LLC now owns 13,388 shares of the company’s stock valued at $506,000 after purchasing an additional 1,399 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in Conagra Brands by 2.2% in the 3rd quarter. Commonwealth Equity Services Inc now owns 70,357 shares of the company’s stock valued at $2,373,000 after purchasing an additional 1,482 shares during the last quarter. Captrust Financial Advisors raised its stake in Conagra Brands by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 23,744 shares of the company’s stock valued at $801,000 after purchasing an additional 1,556 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Conagra Brands by 6.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 26,686 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,676 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Conagra Brands by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 114,987 shares of the company’s stock valued at $3,880,000 after purchasing an additional 1,678 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
CAG has been the subject of several recent research reports. Zacks Investment Research raised Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, November 22nd. UBS Group raised Conagra Brands from a “sell” rating to a “neutral” rating and increased their price objective for the company from $33.00 to $37.00 in a research note on Tuesday, December 12th. Sanford C. Bernstein raised Conagra Brands from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Stifel Nicolaus increased their price objective on Conagra Brands from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, Credit Suisse Group set a $40.00 price objective on Conagra Brands and gave the company a “hold” rating in a research note on Monday, December 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.50.
Conagra Brands (NYSE:CAG) last issued its earnings results on Thursday, December 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Conagra Brands had a return on equity of 19.58% and a net margin of 9.04%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. equities research analysts anticipate that Conagra Brands Inc will post 1.96 earnings per share for the current year.
In other Conagra Brands news, Director Joie A. Gregor sold 5,250 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $38.04, for a total value of $199,710.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert G. Wise sold 23,170 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $37.87, for a total value of $877,447.90. Following the completion of the sale, the senior vice president now owns 51,859 shares of the company’s stock, valued at $1,963,900.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,670 shares of company stock valued at $1,276,868. 0.79% of the stock is owned by company insiders.
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Conagra Brands Company Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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