Mitsubishi UFJ Asset Management Co. Ltd. Buys 60,255 Shares of Conagra Brands, Inc. (NYSE:CAG)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Conagra Brands, Inc. (NYSE:CAG) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 788,149 shares of the company’s stock after acquiring an additional 60,255 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Conagra Brands worth $21,792,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its position in shares of Conagra Brands by 13.1% in the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company’s stock worth $1,088,000 after buying an additional 3,867 shares in the last quarter. FMR LLC raised its holdings in shares of Conagra Brands by 4.8% during the 3rd quarter. FMR LLC now owns 1,478,380 shares of the company’s stock worth $48,077,000 after acquiring an additional 67,079 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Conagra Brands during the 3rd quarter valued at approximately $283,000. Bridgewater Associates LP purchased a new position in shares of Conagra Brands in the third quarter valued at $1,091,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Conagra Brands by 235,250.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,707 shares of the company’s stock worth $153,000 after purchasing an additional 4,705 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CAG shares. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. JPMorgan Chase & Co. decreased their price objective 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. Barclays lowered their price objective on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price target for the company from $33.00 to $26.00 in a report on Monday, February 24th. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Conagra Brands has an average rating of “Hold” and an average price target of $28.20.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $26.55 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $25.63 and its two-hundred day moving average is $27.60. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a market capitalization of $12.67 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands 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.