Investors Sell Conagra Brands (CAG) on Strength (CAG)

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Investors sold shares of Conagra Brands Inc (NYSE:CAG) on strength during trading on Friday. $63.96 million flowed into the stock on the tick-up and $85.29 million flowed out of the stock on the tick-down, for a money net flow of $21.33 million out of the stock. Of all stocks tracked, Conagra Brands had the 13th highest net out-flow for the day. Conagra Brands traded up $0.63 for the day and closed at $26.45

A number of research analysts recently issued reports on the company. Credit Suisse Group set a $39.00 price target on Conagra Brands and gave the company a “hold” rating in a report on Thursday, December 20th. Barclays reaffirmed a “buy” rating and issued a $30.00 price target on shares of Conagra Brands in a report on Sunday, December 23rd. Zacks Investment Research cut Conagra Brands from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.00 price target (up from $31.00) on shares of Conagra Brands in a report on Friday. Finally, TheStreet cut Conagra Brands from a “b-” rating to a “c+” rating in a report on Monday, December 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.40.

The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $11.12 billion, a P/E ratio of 12.54, a PEG ratio of 1.59 and a beta of 0.74.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.75 billion. Conagra Brands had a return on equity of 19.45% and a net margin of 9.07%. The company’s revenue was up 35.7% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. As a group, equities research analysts expect that Conagra Brands Inc will post 2.06 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Suntrust Banks Inc. increased its position in Conagra Brands by 0.7% in the fourth quarter. Suntrust Banks Inc. now owns 59,350 shares of the company’s stock worth $1,268,000 after purchasing an additional 440 shares during the period. Kaizen Advisory LLC grew its position in shares of Conagra Brands by 47.3% during the 4th quarter. Kaizen Advisory LLC now owns 1,380 shares of the company’s stock worth $29,000 after buying an additional 443 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in shares of Conagra Brands by 26.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,530 shares of the company’s stock worth $54,000 after buying an additional 530 shares during the period. Cigna Investments Inc. New grew its position in shares of Conagra Brands by 4.0% during the 4th quarter. Cigna Investments Inc. New now owns 13,900 shares of the company’s stock worth $296,000 after buying an additional 532 shares during the period. Finally, Bollard Group LLC grew its position in shares of Conagra Brands by 0.6% during the 4th quarter. Bollard Group LLC now owns 84,803 shares of the company’s stock worth $1,811,000 after buying an additional 544 shares during the period. Hedge funds and other institutional investors own 83.45% of the company’s stock.

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About Conagra Brands (NYSE:CAG)

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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