Old North State Trust LLC grew its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,953 shares of the company’s stock after purchasing an additional 377 shares during the period. Old North State Trust LLC’s holdings in Conagra Brands were worth $54,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CAG. Capital Investment Advisory Services LLC acquired a new stake in shares of Conagra Brands during the 4th quarter valued at about $26,000. Princeton Global Asset Management LLC acquired a new stake in Conagra Brands in the 4th quarter worth about $26,000. 1832 Asset Management L.P. acquired a new stake in Conagra Brands in the 4th quarter worth about $28,000. Kaizen Advisory LLC boosted its holdings in Conagra Brands by 47.3% in the 4th quarter. Kaizen Advisory LLC now owns 1,380 shares of the company’s stock worth $29,000 after buying an additional 443 shares during the last quarter. Finally, Timber Creek Capital Management LLC boosted its holdings in Conagra Brands by 143.1% in the 4th quarter. Timber Creek Capital Management LLC now owns 1,580 shares of the company’s stock worth $33,000 after buying an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

CAG opened at $29.39 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.58 and a current ratio of 1.31. Conagra Brands Inc has a 1-year low of $20.22 and a 1-year high of $39.43. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.99 and a beta of 0.77.

Conagra Brands (NYSE:CAG) last released its earnings results on Thursday, March 21st. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Conagra Brands had a net margin of 6.99% and a return on equity of 16.40%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 35.7% on a year-over-year basis. Sell-side analysts forecast that Conagra Brands Inc will post 2.07 EPS for the current fiscal year.

CAG has been the topic of several research analyst reports. Goldman Sachs Group cut Conagra Brands from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Credit Suisse Group set a $39.00 price objective on Conagra Brands and gave the stock a “hold” rating in a report on Thursday, December 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $44.00 price objective on shares of Conagra Brands in a report on Wednesday, December 19th. Barclays reiterated a “buy” rating and issued a $30.00 price objective on shares of Conagra Brands in a report on Sunday, December 23rd. Finally, ValuEngine lowered shares of Conagra Brands from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Conagra Brands has a consensus rating of “Buy” and a consensus target price of $37.60.

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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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Institutional Ownership by Quarter for Conagra Brands (NYSE:CAG)

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