Thompson Siegel & Walmsley LLC Acquires 1,028,631 Shares of Conagra Brands, Inc. (NYSE:CAG)

Thompson Siegel & Walmsley LLC lifted its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 114.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,927,141 shares of the company’s stock after purchasing an additional 1,028,631 shares during the period. Thompson Siegel & Walmsley LLC owned 0.40% of Conagra Brands worth $53,478,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Conagra Brands in the fourth quarter valued at about $28,000. Riverview Trust Co bought a new position in Conagra Brands in the fourth quarter valued at about $29,000. Grove Bank & Trust boosted its holdings 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 acquiring an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Conagra Brands in the fourth quarter valued at about $41,000. Finally, Stonebridge Financial Group LLC bought a new position in Conagra Brands in the fourth quarter valued at about $44,000. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

CAG has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Citigroup cut their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Wells Fargo & Company cut 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 cut 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 equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.33.

Conagra Brands Trading Down 2.9 %

NYSE CAG opened at $25.93 on Thursday. The firm has a market cap of $12.37 billion, a P/E ratio of 25.42, 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. The stock’s 50-day moving average is $25.76 and its 200-day moving average is $28.13. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (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 business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the firm earned $0.71 EPS. Conagra Brands’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts anticipate that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

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.