LPL Financial LLC trimmed its position in Conagra Brands Inc (NYSE:CAG) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,493 shares of the company’s stock after selling 13,046 shares during the quarter. LPL Financial LLC’s holdings in Conagra Brands were worth $1,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Conagra Brands by 8.2% in the 3rd quarter. Victory Capital Management Inc. now owns 120,718 shares of the company’s stock valued at $4,101,000 after purchasing an additional 9,159 shares during the period. Wells Fargo & Company MN grew its position in shares of Conagra Brands by 7.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,427,705 shares of the company’s stock valued at $48,498,000 after purchasing an additional 97,987 shares during the period. WINTON GROUP Ltd grew its position in shares of Conagra Brands by 171.7% in the 3rd quarter. WINTON GROUP Ltd now owns 20,825 shares of the company’s stock valued at $707,000 after purchasing an additional 13,159 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Conagra Brands by 7.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 74,473 shares of the company’s stock valued at $2,529,000 after purchasing an additional 5,182 shares during the period. Finally, LSV Asset Management grew its position in shares of Conagra Brands by 666.6% in the 3rd quarter. LSV Asset Management now owns 651,600 shares of the company’s stock valued at $22,134,000 after purchasing an additional 566,600 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CAG opened at $23.09 on Friday. Conagra Brands Inc has a twelve month low of $20.22 and a twelve month high of $39.43. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.47 and a quick ratio of 0.69. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.58 and a beta of 0.74.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Thursday, December 20th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Conagra Brands had a return on equity of 19.45% and a net margin of 9.07%. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Conagra Brands Inc will post 2.06 earnings per share for the current fiscal year.

CAG has been the subject of several research analyst reports. Zacks Investment Research reiterated a “sell” rating on shares of Conagra Brands in a research report on Monday, December 31st. Goldman Sachs Group lowered Conagra Brands from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Credit Suisse Group set a $39.00 price objective on Conagra Brands and gave the company a “hold” rating in a research 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 research report on Wednesday, December 19th. Finally, TheStreet downgraded Conagra Brands from a “b-” rating to a “c+” rating in a research report on Monday, December 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.40.

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About Conagra Brands

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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