Natixis Advisors LLC Decreases Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Natixis Advisors LLC cut its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,686 shares of the company's stock after selling 12,309 shares during the quarter. Natixis Advisors LLC's holdings in Conagra Brands were worth $2,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in shares of Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after purchasing an additional 62,187 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company's stock worth $1,196,000 after buying an additional 19,329 shares during the period. State of Alaska Department of Revenue increased its stake in Conagra Brands by 41.0% in the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after buying an additional 22,790 shares in the last quarter. Nordea Investment Management AB raised its holdings in Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock valued at $341,048,000 after acquiring an additional 618,096 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in Conagra Brands by 13.2% during the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock valued at $3,756,000 after acquiring an additional 15,834 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.

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Conagra Brands Price Performance

Shares of Conagra Brands stock traded up $0.58 during trading hours on Thursday, reaching $26.50. The company's 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 current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The firm has a 50 day moving average price of $25.61 and a 200-day moving average price of $27.72. The stock has a market cap of $12.65 billion, a P/E ratio of 25.98, a P/E/G ratio of 1.76 and a beta of 0.18.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Barclays cut their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Wells Fargo & Company lowered their target price on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Citigroup cut their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, December 11th. Finally, Morgan Stanley started coverage on shares of Conagra Brands in a research note on Monday. They issued an "equal weight" rating and a $27.00 price target on the stock. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Conagra Brands presently has an average rating of "Hold" and an average target price of $28.20.

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.