Swiss National Bank Has $37.42 Million Position in Conagra Brands, Inc. (NYSE:CAG)

Swiss National Bank lessened its position in Conagra Brands, Inc. (NYSE:CAG) by 5.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,348,312 shares of the company’s stock after selling 71,000 shares during the quarter. Swiss National Bank’s holdings in Conagra Brands were worth $37,416,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Empirical Finance LLC increased its holdings in Conagra Brands by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after purchasing an additional 362 shares in the last quarter. Grove Bank & Trust increased its holdings in Conagra Brands by 65.4% in 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 in the last quarter. CIBC Asset Management Inc increased its holdings in Conagra Brands by 0.6% in 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 increased its holdings in Conagra Brands by 5.2% in the 4th quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock worth $295,000 after purchasing an additional 527 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its holdings in Conagra Brands by 36.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $55,000 after purchasing an additional 529 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Down 0.6 %

NYSE CAG opened at $25.66 on Monday. The business has a 50 day simple moving average of $25.68 and a 200 day simple moving average of $28.03. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The stock has a market capitalization of $12.25 billion, a P/E ratio of 25.16, 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 current ratio of 0.70 and a quick ratio of 0.22.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

CAG has been the subject of several recent research reports. Stifel Nicolaus decreased their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target 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. Bank of America decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Barclays decreased their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, Citigroup decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Eight research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.33.

Conagra Brands 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.