Corient Private Wealth LLC Decreases Holdings in Conagra Brands, Inc. (NYSE:CAG)

Corient Private Wealth LLC decreased its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,001 shares of the company’s stock after selling 3,517 shares during the period. Corient Private Wealth LLC’s holdings in Conagra Brands were worth $3,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAG. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Conagra Brands in the fourth quarter worth $28,000. Riverview Trust Co purchased a new position in shares of Conagra Brands in the fourth quarter worth $29,000. Grove Bank & Trust raised its holdings in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after buying an additional 447 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Conagra Brands in the fourth quarter worth $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Conagra Brands in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

CAG has been the subject of a number of research analyst reports. The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $26.00 in a report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Citigroup cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.33.

Conagra Brands Stock Down 1.0 %

CAG stock opened at $25.65 on Friday. The firm has a market cap of $12.24 billion, a PE ratio of 25.14, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm’s fifty day moving average is $25.62 and its 200 day moving average is $27.86. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business earned $0.71 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. On average, research analysts forecast that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Conagra Brands Company 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.