Conagra Brands, Inc. (NYSE:CAG) Given Consensus Rating of “Hold” by Analysts

Shares of Conagra Brands, Inc. (NYSE:CAG) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $28.20.

A number of analysts have issued reports on CAG shares. Bank of America lowered their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Citigroup dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Barclays cut their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company dropped their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th.

Institutional Trading of Conagra Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its stake in Conagra Brands by 0.6% during the fourth quarter. Bessemer Group Inc. now owns 78,038 shares of the company’s stock worth $2,166,000 after purchasing an additional 429 shares during the period. Grove Bank & Trust raised its holdings in shares of 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 buying an additional 447 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its position in shares of Conagra Brands by 1.3% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company’s stock worth $1,030,000 after buying an additional 500 shares during the period. CIBC Asset Management Inc lifted its position in shares of Conagra Brands by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock worth $2,346,000 after buying an additional 501 shares during the period. Finally, Xponance Inc. grew its position in Conagra Brands by 0.8% in the fourth quarter. Xponance Inc. now owns 65,680 shares of the company’s stock valued at $1,823,000 after acquiring an additional 505 shares during the period. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Trading Down 1.4 %

Shares of NYSE:CAG opened at $25.38 on Friday. 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 stock’s 50-day moving average is $25.60 and its 200-day moving average is $27.73. The company has a market cap of $12.11 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.76 and a beta of 0.18. Conagra Brands has a 52-week low of $23.06 and a 52-week high of $33.24.

About Conagra Brands

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.