Commonwealth Equity Services LLC Cuts Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Commonwealth Equity Services LLC lessened its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,637 shares of the company's stock after selling 27,851 shares during the quarter. Commonwealth Equity Services LLC's holdings in Conagra Brands were worth $4,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company's stock worth $796,229,000 after acquiring an additional 1,691,945 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after purchasing an additional 618,096 shares during the period. Geode Capital Management LLC grew its stake in shares of Conagra Brands by 1.7% in the third quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company's stock worth $373,180,000 after purchasing an additional 196,100 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Conagra Brands by 2.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company's stock valued at $204,571,000 after purchasing an additional 122,590 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in Conagra Brands by 106.4% in the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company's stock worth $197,624,000 after buying an additional 3,133,200 shares during the period. Institutional investors own 83.75% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAG. Royal Bank of Canada restated a "sector perform" rating and set a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Morgan Stanley initiated coverage on shares of Conagra Brands in a research note on Monday. They set an "equal weight" rating and a $27.00 target price on the stock. Barclays decreased their price target on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Stifel Nicolaus cut their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Finally, Bank of America decreased their target price on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Nine investment 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 stock. Based on data from MarketBeat.com, Conagra Brands has an average rating of "Hold" and a consensus price target of $28.20.

Conagra Brands Stock Down 1.3 %

Conagra Brands stock traded down $0.35 during mid-day trading on Tuesday, hitting $25.39. The company had a trading volume of 2,342,436 shares, compared to its average volume of 5,984,497. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a market capitalization of $12.12 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The stock's 50 day moving average price is $25.61 and its two-hundred day moving average price is $27.78. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71.

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.