Securian Asset Management Inc. Sells 845 Shares of Conagra Brands, Inc. (NYSE:CAG)

Securian Asset Management Inc. cut its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,650 shares of the company’s stock after selling 845 shares during the period. Securian Asset Management Inc.’s holdings in Conagra Brands were worth $712,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CAG. Empirical Finance LLC raised its holdings in Conagra Brands by 2.3% during the third quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after acquiring an additional 362 shares in the last quarter. Grove Bank & Trust increased its position in shares of 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 during the last quarter. CIBC Asset Management Inc raised its stake in shares of Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock worth $2,346,000 after purchasing an additional 501 shares in the last quarter. International Private Wealth Advisors LLC boosted its holdings in shares of Conagra Brands by 5.2% in the 4th quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock valued at $295,000 after buying an additional 527 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after buying an additional 529 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Conagra Brands stock opened at $25.66 on Monday. 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 has a market cap of $12.25 billion, a PE ratio of 25.16, a P/E/G ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The business’s 50-day moving average price is $25.68 and its two-hundred day moving average price is $28.03.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on CAG shares. Wells Fargo & Company cut their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Barclays reduced their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Bank of America dropped their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus price target 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.