American Century Companies Inc. Cuts Position in Conagra Brands, Inc. (NYSE:CAG)

American Century Companies Inc. trimmed its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 23.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,599,405 shares of the company's stock after selling 2,913,031 shares during the quarter. American Century Companies Inc. owned about 2.01% of Conagra Brands worth $266,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Conagra Brands in the 4th quarter worth $235,000. Summit Global Investments purchased a new position in shares of Conagra Brands in the fourth quarter worth $6,713,000. Kiker Wealth Management LLC bought a new stake in Conagra Brands in the 4th quarter valued at $369,000. Northwest & Ethical Investments L.P. bought a new position in shares of Conagra Brands during the 4th quarter valued at about $1,173,000. Finally, iA Global Asset Management Inc. lifted its position in shares of Conagra Brands by 10.8% in the fourth quarter. iA Global Asset Management Inc. now owns 42,081 shares of the company's stock worth $1,168,000 after buying an additional 4,118 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. 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. Wells Fargo & Company decreased their price target on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Citigroup decreased their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Conagra Brands presently has a consensus rating of "Hold" and a consensus price target of $28.20.

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Conagra Brands Trading Up 2.3 %

Shares of CAG stock traded up $0.57 on Wednesday, hitting $25.92. 5,376,703 shares of the stock traded hands, compared to its average volume of 4,844,465. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The stock has a market capitalization of $12.37 billion, a PE ratio of 25.41, a PEG ratio of 1.76 and a beta of 0.18. The firm's 50-day moving average price is $25.61 and its two-hundred day moving average price is $27.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70.

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.