Conagra Brands, Inc. (NYSE:CAG) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 7.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,930 shares of the company’s stock after buying an additional 4,435 shares during the period. Daiwa Securities Group Inc.’s holdings in Conagra Brands were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CAG. Brookstone Capital Management increased its holdings in Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock valued at $11,085,000 after buying an additional 62,187 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Conagra Brands by 110.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock valued at $1,196,000 after acquiring an additional 19,329 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Conagra Brands by 41.0% in the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock valued at $2,175,000 after purchasing an additional 22,790 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Conagra Brands by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after purchasing an additional 618,096 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after purchasing an additional 10,604,367 shares during the period. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Price Performance

CAG stock opened at $25.66 on Friday. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The firm has a market capitalization of $12.25 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business has a 50 day simple moving average of $25.68 and a 200-day simple moving average of $28.08.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Stifel Nicolaus cut their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Citigroup cut their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company lowered their price target 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. Eight research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.33.

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.