Cornercap Investment Counsel Inc. Sells 1,102 Shares of Conagra Brands, Inc. (NYSE:CAG)

Cornercap Investment Counsel Inc. cut its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,507 shares of the company’s stock after selling 1,102 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Conagra Brands were worth $625,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its stake in Conagra Brands by 13.1% in the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company’s stock valued at $1,088,000 after purchasing an additional 3,867 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Conagra Brands by 547.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,099 shares of the company’s stock valued at $68,000 after buying an additional 1,775 shares in the last quarter. FMR LLC boosted its holdings in shares of Conagra Brands by 4.8% in the 3rd quarter. FMR LLC now owns 1,478,380 shares of the company’s stock valued at $48,077,000 after buying an additional 67,079 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Conagra Brands by 113.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 959,968 shares of the company’s stock worth $31,218,000 after buying an additional 510,789 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of Conagra Brands during the 3rd quarter worth approximately $283,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Trading Up 0.4 %

NYSE CAG opened at $26.55 on Friday. The company has a fifty day moving average of $25.63 and a 200 day moving average of $27.63. The company has a market capitalization of $12.67 billion, a PE ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays cut their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. JPMorgan Chase & Co. reduced their target price on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Morgan Stanley started coverage on Conagra Brands in a report on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target for the company. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, Bank of America lowered their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.20.

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.