Teacher Retirement System of Texas Trims Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Teacher Retirement System of Texas lowered its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,954 shares of the company's stock after selling 74,674 shares during the period. Teacher Retirement System of Texas' holdings in Conagra Brands were worth $4,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Conagra Brands during the 4th quarter valued at $28,000. Riverview Trust Co bought a new position in shares of Conagra Brands in the fourth quarter worth about $29,000. Grove Bank & Trust increased its stake in Conagra Brands by 65.4% in 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. SBI Securities Co. Ltd. bought a new stake in Conagra Brands during the 4th quarter valued at about $41,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Conagra Brands in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 83.75% of the company's stock.

Conagra Brands Stock Performance

CAG stock traded up $0.58 during midday trading on Thursday, reaching $26.50. The stock had a trading volume of 4,507,891 shares, compared to its average volume of 4,843,738. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm has a fifty day simple moving average of $25.61 and a two-hundred day simple moving average of $27.72. The stock has a market cap of $12.65 billion, a PE ratio of 25.98, a P/E/G ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CAG shares. Wells Fargo & Company decreased their target price on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Barclays cut their target price on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Morgan Stanley initiated coverage on Conagra Brands in a report on Monday. They issued an "equal weight" rating and a $27.00 price target on the stock. Finally, The Goldman Sachs Group lowered Conagra Brands from a "buy" rating to a "neutral" rating and cut their target price for the company 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Conagra Brands 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.