BlueCrest Capital Management Ltd Increases Holdings in Conagra Brands (CAG)

BlueCrest Capital Management Ltd grew its position in Conagra Brands (NYSE:CAG) by 147.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,603 shares of the company’s stock after acquiring an additional 33,705 shares during the period. BlueCrest Capital Management Ltd’s holdings in Conagra Brands were worth $2,132,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Advisor Partners LLC grew its holdings in Conagra Brands by 11.7% during the 4th quarter. Advisor Partners LLC now owns 13,388 shares of the company’s stock worth $506,000 after acquiring an additional 1,399 shares during the period. Commonwealth Equity Services Inc grew its holdings in shares of Conagra Brands by 2.2% in the 3rd quarter. Commonwealth Equity Services Inc now owns 70,357 shares of the company’s stock valued at $2,373,000 after buying an additional 1,482 shares during the period. Captrust Financial Advisors lifted its position in Conagra Brands by 7.0% in the 3rd quarter. Captrust Financial Advisors now owns 23,744 shares of the company’s stock valued at $801,000 after acquiring an additional 1,556 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Conagra Brands by 6.7% in the 4th quarter. Pinnacle Associates Ltd. now owns 26,686 shares of the company’s stock valued at $1,005,000 after acquiring an additional 1,676 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Conagra Brands by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 114,987 shares of the company’s stock valued at $3,880,000 after acquiring an additional 1,678 shares in the last quarter. Institutional investors own 79.88% of the company’s stock.

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In other news, Director Ruth Ann Marshall sold 6,046 shares of the firm’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $35.86, for a total transaction of $216,809.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert G. Wise sold 23,170 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $37.87, for a total transaction of $877,447.90. Following the sale, the senior vice president now owns 51,859 shares of the company’s stock, valued at $1,963,900.33. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on the stock. Credit Suisse Group set a $40.00 price objective on shares of Conagra Brands and gave the company a “hold” rating in a research report on Monday, December 25th. Stifel Nicolaus boosted their price target on shares of Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 14th. UBS upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and upped their price target for the company from $33.00 to $37.00 in a research note on Tuesday, December 12th. Finally, Zacks Investment Research lowered shares of Conagra Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Conagra Brands presently has a consensus rating of “Hold” and an average target price of $41.67.

Shares of Conagra Brands stock traded down $0.99 on Monday, reaching $35.89. 2,686,275 shares of the stock were exchanged, compared to its average volume of 3,420,285. The company has a market cap of $14,776.37, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.25 and a beta of 0.28. The company has a current ratio of 1.03, a quick ratio of 0.52 and a debt-to-equity ratio of 0.85. Conagra Brands has a one year low of $32.16 and a one year high of $41.03.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, March 22nd. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2 billion. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. research analysts forecast that Conagra Brands will post 2.05 earnings per share for the current year.

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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.

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

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