Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 29.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,148 shares of the company’s stock after selling 8,063 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Conagra Brands were worth $549,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Conagra Brands by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,185 shares of the company’s stock worth $2,155,000 after purchasing an additional 3,975 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Conagra Brands by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 309,389 shares of the company’s stock worth $10,942,000 after buying an additional 1,186 shares during the period. Synovus Financial Corp raised its stake in shares of Conagra Brands by 3.7% during the 1st quarter. Synovus Financial Corp now owns 22,548 shares of the company’s stock worth $758,000 after buying an additional 807 shares during the period. Blair William & Co. IL lifted its position in shares of Conagra Brands by 19.8% during the 1st quarter. Blair William & Co. IL now owns 27,151 shares of the company’s stock valued at $911,000 after buying an additional 4,487 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Conagra Brands by 509.0% in the 1st quarter. Allianz Asset Management GmbH now owns 366,225 shares of the company’s stock worth $12,294,000 after acquiring an additional 306,086 shares in the last quarter. 83.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CAG. Citigroup started coverage on shares of Conagra Brands in a research report on Thursday, February 1st. They set a “neutral” rating and a $30.00 price objective for the company. Evercore ISI cut 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. 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 target price for the company. Finally, Royal Bank of Canada lowered their price target on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 3rd. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.87.

Conagra Brands Price Performance

Conagra Brands stock opened at $29.49 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.31 and a debt-to-equity ratio of 0.83. The stock has a market cap of $14.10 billion, a P/E ratio of 14.32, a PEG ratio of 3.08 and a beta of 0.42. The company has a 50-day moving average price of $28.42 and a 200 day moving average price of $28.30. Conagra Brands, Inc. has a 12-month low of $25.16 and a 12-month high of $38.94.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, January 4th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Conagra Brands had a net margin of 8.09% and a return on equity of 14.78%. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the firm earned $0.81 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands 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.