Skandinaviska Enskilda Banken AB publ Has $10.88 Million Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Skandinaviska Enskilda Banken AB publ lifted its position in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 395,220 shares of the company's stock after purchasing an additional 11,414 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.08% of Conagra Brands worth $10,884,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Conagra Brands by 7.4% in 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% in the 4th quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company's stock worth $341,048,000 after purchasing an additional 618,096 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Conagra Brands by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company's stock worth $373,180,000 after purchasing an additional 196,100 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Conagra Brands by 21,015.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company's stock worth $346,495,000 after purchasing an additional 10,604,367 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Conagra Brands by 2.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company's stock worth $204,571,000 after purchasing an additional 122,590 shares during the last quarter. Institutional investors own 83.75% of the company's stock.

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Analysts Set New Price Targets

CAG has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Bank of America reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Citigroup reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 11th. The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. Eight equities research 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 stock. Based on data from MarketBeat.com, Conagra Brands presently has a consensus rating of "Hold" and an average target price of $28.33.

Conagra Brands Trading Down 0.4 %

Conagra Brands stock traded down $0.10 during trading hours on Wednesday, reaching $25.91. 4,622,935 shares of the company's stock traded hands, compared to its average volume of 5,758,772. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.76 and a beta of 0.18. The firm's 50 day moving average is $25.66 and its 200-day moving average is $27.96.

Conagra Brands (NYSE:CAG - Get Free Report) last released its earnings results on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the company posted $0.71 EPS. The company's revenue was down .4% compared to the same quarter last year. On average, analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current year.

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.