Morey & Quinn Wealth Partners LLC Makes New $546,000 Investment in Conagra Brands, Inc. (NYSE:CAG)

Morey & Quinn Wealth Partners LLC bought a new stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,675 shares of the company's stock, valued at approximately $546,000.

A number of other institutional investors have also added to or reduced their stakes in CAG. Vanguard Group Inc. grew its position in shares of Conagra Brands by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company's stock valued at $1,631,671,000 after acquiring an additional 1,132,839 shares during the period. State Street Corp boosted its stake in shares of 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 acquiring an additional 1,691,945 shares during the period. Nordea Investment Management AB boosted its stake in shares of Conagra Brands by 5.3% during the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after acquiring an additional 618,096 shares during the period. Geode Capital Management LLC raised its stake 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. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of 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 worth $204,571,000 after buying an additional 122,590 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

CAG has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Stifel Nicolaus lowered their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada restated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research report on Friday, December 20th. Barclays reduced their target price on Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Finally, Wells Fargo & Company dropped their price objective 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. Nine 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 stock. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of "Hold" and an average target price of $28.20.

Conagra Brands Trading Up 0.4 %

Shares of CAG stock traded up $0.09 during trading hours on Friday, hitting $26.55. 5,047,931 shares of the company's stock traded hands, compared to its average volume of 5,060,410. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The stock has a market cap of $12.67 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The stock's 50 day simple moving average is $25.63 and its 200 day simple moving average is $27.63.

About Conagra Brands

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.