Squarepoint Ops LLC grew its stake in Conagra Brands Inc (NYSE:CAG) by 178.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,493 shares of the company’s stock after acquiring an additional 238,649 shares during the quarter. Squarepoint Ops LLC’s holdings in Conagra Brands were worth $7,956,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Conagra Brands in the fourth quarter valued at $26,000. 1832 Asset Management L.P. acquired a new position in Conagra Brands in the fourth quarter valued at $28,000. Old North State Trust LLC increased its stake in Conagra Brands by 102.3% in the fourth quarter. Old North State Trust LLC now owns 1,576 shares of the company’s stock valued at $33,000 after purchasing an additional 797 shares during the last quarter. Timber Creek Capital Management LLC increased its stake in Conagra Brands by 143.1% in the fourth quarter. Timber Creek Capital Management LLC now owns 1,580 shares of the company’s stock valued at $33,000 after purchasing an additional 930 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in Conagra Brands by 26.5% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 2,530 shares of the company’s stock valued at $54,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 83.45% of the company’s stock.
Several research firms recently commented on CAG. Goldman Sachs Group reiterated a “buy” rating and issued a $32.00 target price (up from $31.00) on shares of Conagra Brands in a research note on Friday. Zacks Investment Research upgraded Conagra Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays reiterated a “buy” rating and issued a $30.00 target price on shares of Conagra Brands in a research note on Sunday, December 23rd. Credit Suisse Group set a $39.00 price target on Conagra Brands and gave the stock a “hold” rating in a research note on Thursday, December 20th. Finally, ValuEngine lowered Conagra Brands from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.40.
Shares of CAG stock opened at $26.45 on Friday. Conagra Brands Inc has a 1 year low of $20.22 and a 1 year high of $39.43. The firm has a market cap of $12.54 billion, a PE ratio of 12.54, a PEG ratio of 1.79 and a beta of 0.74. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.69 and a current ratio of 1.31.
Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, March 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.75 billion. Conagra Brands had a return on equity of 16.40% and a net margin of 6.99%. The company’s revenue was up 35.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. As a group, research analysts expect that Conagra Brands Inc will post 2.06 earnings per share for the current year.
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Conagra Brands Company Profile
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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