181,414 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Conagra Brands, Inc. (NYSE:CAG) during the 4th quarter, HoldingsChannel reports. The firm bought 181,414 shares of the company’s stock, valued at approximately $5,034,000.

A number of other large investors also recently made changes to their positions in CAG. Thrivent Financial for Lutherans increased its stake in Conagra Brands by 13.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company’s stock valued at $1,088,000 after buying an additional 3,867 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Conagra Brands by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,102,985 shares of the company’s stock worth $100,909,000 after acquiring an additional 63,738 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Conagra Brands by 6.5% during the third quarter. Cerity Partners LLC now owns 397,297 shares of the company’s stock worth $12,920,000 after acquiring an additional 24,103 shares in the last quarter. Swedbank AB boosted its position in Conagra Brands by 3.1% during the third quarter. Swedbank AB now owns 674,465 shares of the company’s stock valued at $21,934,000 after purchasing an additional 20,384 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Conagra Brands by 547.8% in the third quarter. Larson Financial Group LLC now owns 2,099 shares of the company’s stock valued at $68,000 after purchasing an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Conagra Brands in a research note on Monday. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus price target of $28.20.

Conagra Brands Trading Down 1.4 %

Conagra Brands stock opened at $25.38 on Wednesday. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm has a market capitalization of $12.11 billion, a PE ratio of 24.88, a PEG ratio of 1.76 and a beta of 0.18. The business’s 50-day simple moving average is $25.60 and its 200-day simple moving average is $27.73.

Conagra Brands Company 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.