Sei Investments Co. Sells 30,999 Shares of Conagra Brands, Inc. (NYSE:CAG)

Sei Investments Co. decreased its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,304,379 shares of the company's stock after selling 30,999 shares during the period. Sei Investments Co. owned approximately 0.27% of Conagra Brands worth $36,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management boosted its position in Conagra Brands by 18.4% during the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after acquiring an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Conagra Brands by 110.8% in the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock worth $1,196,000 after purchasing an additional 19,329 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after purchasing an additional 22,790 shares during the last quarter. Nordea Investment Management AB grew its position in 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 purchasing an additional 618,096 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Conagra Brands by 13.2% in the 4th quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock valued at $3,756,000 after buying an additional 15,834 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. Stifel Nicolaus lowered their price target 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. Wells Fargo & Company dropped their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group cut shares of Conagra Brands from a "buy" rating to a "neutral" rating and decreased their target price for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, Bank of America lowered their target price 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. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Conagra Brands presently has a consensus rating of "Hold" and a consensus target price of $28.20.

Conagra Brands Stock Performance

CAG stock traded up $0.09 during midday trading on Friday, reaching $26.55. 5,047,931 shares of the company were exchanged, compared to its average volume of 5,060,409. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business has a 50-day moving average price of $25.63 and a two-hundred day moving average price of $27.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22.

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.