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

CoreFirst Bank & Trust acquired a new position in Conagra Brands, Inc. (NYSE:CAG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,629 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds have also bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Conagra Brands during the fourth quarter worth $28,000. Riverview Trust Co bought a new stake in shares of Conagra Brands during the 4th quarter valued at $29,000. Grove Bank & Trust lifted its holdings 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 purchasing an additional 447 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Conagra Brands in the 4th quarter worth about $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands during the 4th quarter valued at about $44,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CAG shares. Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. The Goldman Sachs Group downgraded shares of 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. JPMorgan Chase & Co. decreased their price target on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their target price on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Conagra Brands presently has an average rating of “Hold” and an average target price of $28.20.

Conagra Brands Trading Down 1.4 %

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

About Conagra Brands

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.