Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Conagra Brands Inc (NYSE:CAG) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 280,900 shares of the company’s stock after acquiring an additional 16,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Conagra Brands were worth $6,000,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAG. Suntrust Banks Inc. raised its position in Conagra Brands by 0.7% in the 4th quarter. Suntrust Banks Inc. now owns 59,350 shares of the company’s stock valued at $1,268,000 after purchasing an additional 440 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Conagra Brands by 26.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,530 shares of the company’s stock valued at $54,000 after buying an additional 530 shares during the period. Cigna Investments Inc. New increased its stake in shares of Conagra Brands by 4.0% in the 4th quarter. Cigna Investments Inc. New now owns 13,900 shares of the company’s stock valued at $296,000 after buying an additional 532 shares during the period. Bollard Group LLC grew its stake in shares of Conagra Brands by 0.6% during the fourth quarter. Bollard Group LLC now owns 84,803 shares of the company’s stock worth $1,811,000 after purchasing an additional 544 shares during the period. Finally, Tredje AP fonden grew its stake in shares of Conagra Brands by 2.4% during the fourth quarter. Tredje AP fonden now owns 26,297 shares of the company’s stock worth $562,000 after purchasing an additional 625 shares during the period. Institutional investors and hedge funds own 83.45% of the company’s stock.

NYSE:CAG opened at $22.90 on Thursday. Conagra Brands Inc has a 1 year low of $20.22 and a 1 year high of $39.43. The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.74.

Conagra Brands (NYSE:CAG) last posted its earnings results on Thursday, December 20th. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Conagra Brands Inc will post 2.06 earnings per share for the current year.

CAG has been the subject of a number of analyst reports. Goldman Sachs Group cut Conagra Brands from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Barclays reaffirmed a “buy” rating and set a $30.00 price objective on shares of Conagra Brands in a research note on Sunday, December 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $44.00 price objective on shares of Conagra Brands in a research note on Wednesday, December 19th. TheStreet cut Conagra Brands from a “b-” rating to a “c+” rating in a research note on Monday, December 3rd. Finally, Credit Suisse Group set a $39.00 price objective on Conagra Brands and gave the stock a “hold” rating in a research note on Thursday, December 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Conagra Brands has a consensus rating of “Buy” and an average price target of $41.40.

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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.

Read More: Price to Earnings Ratio (PE)

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

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