Kiker Wealth Management LLC Acquires New Position in Conagra Brands, Inc. (NYSE:CAG)

Kiker Wealth Management LLC purchased a new position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,294 shares of the company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management increased its stake in shares of Conagra Brands by 18.4% during the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock valued at $11,085,000 after acquiring an additional 62,187 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Conagra Brands by 110.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock valued at $1,196,000 after purchasing an additional 19,329 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Conagra Brands by 41.0% in the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after buying an additional 22,790 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock valued at $341,048,000 after buying an additional 618,096 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Conagra Brands by 21,015.0% during the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock valued at $346,495,000 after buying an additional 10,604,367 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

Conagra Brands Stock Down 1.4 %

Shares of CAG traded down $0.35 during mid-day trading on Tuesday, reaching $25.38. The company's stock had a trading volume of 4,626,992 shares, compared to its average volume of 4,834,143. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business has a fifty day moving average of $25.61 and a 200 day moving average of $27.78. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24.

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.