13,294 Shares in Conagra Brands, Inc. (NYSE:CAG) Acquired by Kiker Wealth Management LLC

Kiker Wealth Management LLC acquired a new position in shares of Conagra Brands, Inc. (NYSE:CAG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,294 shares of the company’s stock, valued at approximately $369,000.

Other hedge funds have also modified their holdings of the company. Northwest & Ethical Investments L.P. purchased a new stake in Conagra Brands during the 4th quarter valued at $1,173,000. iA Global Asset Management Inc. raised its holdings in Conagra Brands by 10.8% during the 4th quarter. iA Global Asset Management Inc. now owns 42,081 shares of the company’s stock valued at $1,168,000 after buying an additional 4,118 shares during the period. Xponance Inc. raised its holdings in Conagra Brands by 0.8% during the 4th quarter. Xponance Inc. now owns 65,680 shares of the company’s stock valued at $1,823,000 after buying an additional 505 shares during the period. Intech Investment Management LLC grew its position in Conagra Brands by 40.3% in the 4th quarter. Intech Investment Management LLC now owns 93,299 shares of the company’s stock valued at $2,589,000 after acquiring an additional 26,788 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in Conagra Brands in the 4th quarter valued at $4,224,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Down 0.0 %

CAG opened at $25.89 on Friday. The business has a fifty day moving average price of $25.63 and a 200 day moving average price of $27.93. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 25.38, a PEG 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 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 released its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. 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 firm posted $0.71 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAG shares. 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 report on Friday, December 20th. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Barclays dropped their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Finally, Wells Fargo & Company dropped their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.