Vanguard Group Inc. Has $1.63 Billion Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Vanguard Group Inc. boosted its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,798,952 shares of the company's stock after purchasing an additional 1,132,839 shares during the quarter. Vanguard Group Inc. owned about 12.32% of Conagra Brands worth $1,631,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Grove Bank & Trust boosted its holdings in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after buying an additional 447 shares during the period. CIBC Asset Management Inc boosted its holdings in Conagra Brands by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock valued at $2,346,000 after acquiring an additional 501 shares during the period. Xponance Inc. grew its position in shares of Conagra Brands by 0.8% in the fourth quarter. Xponance Inc. now owns 65,680 shares of the company's stock valued at $1,823,000 after purchasing an additional 505 shares during the last quarter. International Private Wealth Advisors LLC increased its stake in shares of Conagra Brands by 5.2% in the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock worth $295,000 after purchasing an additional 527 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock worth $55,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 83.75% of the company's stock.

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Conagra Brands Price Performance

CAG stock traded up $0.08 during midday trading on Monday, reaching $26.63. 3,325,103 shares of the company's stock traded hands, compared to its average volume of 5,054,042. The company has a 50-day simple moving average of $25.63 and a two-hundred day simple moving average of $27.60. 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. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.76 and a beta of 0.18.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAG. The Goldman Sachs Group lowered Conagra Brands from a "buy" rating to a "neutral" rating and lowered their target price for the company from $33.00 to $26.00 in a report on Monday, February 24th. Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Wednesday, December 11th. Bank of America dropped their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Morgan Stanley started coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 target price for the company. Finally, Barclays lowered their price target on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Nine 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.com, the company has an average rating of "Hold" and a consensus target price of $28.20.

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.