Conagra Brands $CAG Holdings Lifted by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. raised its holdings in shares of Conagra Brands (NYSE:CAG) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,248,373 shares of the company’s stock after purchasing an additional 45,721 shares during the period. Conagra Brands accounts for about 5.5% of Wilsey Asset Management Inc.’s holdings, making the stock its 10th largest holding. Wilsey Asset Management Inc.’s holdings in Conagra Brands were worth $35,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CAG. Stephens Inc. AR grew its position in shares of Conagra Brands by 13.8% in the 1st quarter. Stephens Inc. AR now owns 15,265 shares of the company’s stock worth $240,000 after buying an additional 1,857 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Conagra Brands by 534.3% during the first quarter. PFG Investments LLC now owns 105,348 shares of the company’s stock valued at $1,656,000 after acquiring an additional 88,740 shares in the last quarter. World Investment Advisors lifted its stake in Conagra Brands by 9.2% in the first quarter. World Investment Advisors now owns 11,170 shares of the company’s stock worth $176,000 after acquiring an additional 944 shares during the period. F&V Capital Management LLC lifted its stake in Conagra Brands by 1.4% in the first quarter. F&V Capital Management LLC now owns 892,579 shares of the company’s stock worth $14,031,000 after acquiring an additional 11,935 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Conagra Brands by 34.7% in the first quarter. Private Advisor Group LLC now owns 50,361 shares of the company’s stock valued at $792,000 after acquiring an additional 12,975 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Price Performance

CAG opened at $14.34 on Monday. The stock has a fifty day simple moving average of $13.64 and a two-hundred day simple moving average of $15.93. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.86 billion, a price-to-earnings ratio of -143.34 and a beta of -0.02. Conagra Brands has a 12-month low of $12.53 and a 12-month high of $21.27.

Insider Transactions at Conagra Brands

In other Conagra Brands news, Director John J. Mulligan purchased 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was bought at an average cost of $14.31 per share, for a total transaction of $250,425.00. Following the purchase, the director directly owned 20,728 shares in the company, valued at $296,617.68. The trade was a 542.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard H. Lenny purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was acquired at an average price of $14.34 per share, with a total value of $358,500.00. Following the completion of the purchase, the director owned 229,340 shares in the company, valued at $3,288,735.60. This represents a 12.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CAG has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Thursday, April 2nd. BTIG Research started coverage on shares of Conagra Brands in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Stifel Nicolaus reduced their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company decreased their price target on shares of Conagra Brands from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.13.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.