SG Americas Securities LLC Boosts Holdings in Conagra Brands $CAG

Key Points

• SG Americas Securities LLC increased its Conagra stake by 305% in Q4, buying 410,505 shares to hold 545,114 shares (about 0.11% of the company) worth $9.44 million.
• Analyst sentiment is weak — Conagra has an average rating of "Reduce" with an average price target of $18.57 after several recent price-target cuts and downgraded perspectives from major brokers.
• Fundamentals show the stock trading near its lows: Conagra opened at $15.62 (12‑month low $15.03), has a negative P/E of -70.98 and a market cap of $7.47 billion, suggesting subdued performance and earnings pressure.

SG Americas Securities LLC raised its stake in shares of Conagra Brands (NYSE:CAG - Free Report) by 305.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 545,114 shares of the company's stock after buying an additional 410,505 shares during the period. SG Americas Securities LLC owned about 0.11% of Conagra Brands worth $9,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CAG. NewEdge Advisors LLC raised its position in Conagra Brands by 4.2% during the first quarter. NewEdge Advisors LLC now owns 23,541 shares of the company's stock valued at $628,000 after acquiring an additional 954 shares in the last quarter. United Services Automobile Association acquired a new position in Conagra Brands in the first quarter valued at approximately $225,000. Empowered Funds LLC boosted its position in Conagra Brands by 5.9% in the 1st quarter. Empowered Funds LLC now owns 36,356 shares of the company's stock worth $970,000 after purchasing an additional 2,038 shares in the last quarter. Woodline Partners LP boosted its position in Conagra Brands by 40.7% in the 1st quarter. Woodline Partners LP now owns 40,326 shares of the company's stock worth $1,075,000 after purchasing an additional 11,664 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Conagra Brands by 183.6% during the 2nd quarter. XTX Topco Ltd now owns 31,140 shares of the company's stock worth $637,000 after purchasing an additional 20,160 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an "underweight" rating and set a $15.00 target price (down from $20.00) on shares of Conagra Brands in a report on Thursday, March 12th. Stifel Nicolaus lowered their price target on shares of Conagra Brands from $21.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, December 11th. Sanford C. Bernstein dropped their price target on shares of Conagra Brands from $21.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, December 22nd. Royal Bank Of Canada cut their price objective on shares of Conagra Brands from $22.00 to $20.00 and set a "sector perform" rating for the company in a report on Monday, December 22nd. Finally, UBS Group reiterated a "neutral" rating and issued a $20.00 price objective on shares of Conagra Brands in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, Conagra Brands currently has an average rating of "Reduce" and an average price target of $18.57.

Conagra Brands Stock Down 0.0%

Conagra Brands stock opened at $15.62 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The stock has a market capitalization of $7.47 billion, a PE ratio of -70.98 and a beta of -0.02. The business has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $17.82. Conagra Brands has a 12 month low of $15.03 and a 12 month high of $27.68.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra's product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender's and Banquet in the frozen foods category, as well as Hunt's sauces, Orville Redenbacher's popcorn, Slim Jim meat snacks and Reddi-wip toppings.

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