Conagra Brands, Inc. (NYSE:CAG) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 31.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,077 shares of the company's stock after selling 49,500 shares during the quarter. HighTower Advisors LLC's holdings in Conagra Brands were worth $2,944,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its position in Conagra Brands by 7.4% during the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company's stock worth $796,229,000 after purchasing an additional 1,691,945 shares during the last quarter. Nordea Investment Management AB grew 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 buying an additional 618,096 shares during the last quarter. Geode Capital Management LLC increased its position in Conagra Brands by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company's stock valued at $373,180,000 after acquiring an additional 196,100 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake 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 acquiring an additional 122,590 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Conagra Brands by 106.4% during the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company's stock worth $197,624,000 after acquiring an additional 3,133,200 shares during the period. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays dropped their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus dropped their target price 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a report on Friday, December 20th. Bank of America lowered their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Finally, Citigroup lowered their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 11th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Conagra Brands presently has an average rating of "Hold" and a consensus price target of $28.20.

Conagra Brands Trading Down 1.4 %

Shares of CAG traded down $0.35 during trading hours on Tuesday, hitting $25.38. The stock had a trading volume of 4,626,992 shares, compared to its average volume of 4,834,143. The company's fifty day simple moving average is $25.61 and its 200 day simple moving average is $27.78. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. 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 market cap of $12.11 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.76 and a beta of 0.18.

Conagra Brands Company 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.