Achmea Investment Management B.V. Buys 4,603 Shares of Conagra Brands, Inc. (NYSE:CAG)

Achmea Investment Management B.V. raised its stake in Conagra Brands, Inc. (NYSE:CAG) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,705 shares of the company’s stock after purchasing an additional 4,603 shares during the quarter. Achmea Investment Management B.V.’s holdings in Conagra Brands were worth $1,351,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company reduced their target price 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. Finally, Stifel Nicolaus reduced their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.33.

Conagra Brands Price Performance

Shares of CAG stock opened at $25.66 on Friday. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.76 and a beta of 0.18. The business’s fifty day moving average is $25.68 and its 200 day moving average is $28.08. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, December 19th. The company reported $0.70 EPS 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 firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Research analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal 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.