Thompson Siegel & Walmsley LLC Has $53.48 Million Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Thompson Siegel & Walmsley LLC raised its stake in Conagra Brands, Inc. (NYSE:CAG) by 114.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,927,141 shares of the company’s stock after purchasing an additional 1,028,631 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Conagra Brands were worth $53,478,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Conagra Brands in the fourth quarter valued at approximately $28,000. Riverview Trust Co bought a new position in shares of Conagra Brands during the 4th quarter worth approximately $29,000. Grove Bank & Trust boosted its stake in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after acquiring an additional 447 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Conagra Brands during the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Conagra Brands during the 4th quarter worth approximately $44,000. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $25.93 on Thursday. The stock has a market capitalization of $12.37 billion, a PE 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 business has a fifty day moving average price of $25.76 and a two-hundred day moving average price of $28.13. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, topping 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 company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Conagra Brands’s revenue was down .4% on a year-over-year basis. As a group, equities analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CAG. Bank of America reduced their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Stifel Nicolaus dropped their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Barclays dropped their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Finally, Citigroup dropped their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.33.

Conagra Brands Profile

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.