Summitry LLC Buys Shares of 14,264 Conagra Brands, Inc. (NYSE:CAG)

Summitry LLC purchased a new stake in Conagra Brands, Inc. (NYSE:CAG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,264 shares of the company's stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust raised its holdings in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after buying an additional 447 shares during the period. CIBC Asset Management Inc grew its position in Conagra Brands by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock valued at $2,346,000 after acquiring an additional 501 shares in the last quarter. Xponance Inc. raised its stake in shares of Conagra Brands by 0.8% during the fourth quarter. Xponance Inc. now owns 65,680 shares of the company's stock valued at $1,823,000 after purchasing an additional 505 shares during the period. International Private Wealth Advisors LLC lifted its position in shares of Conagra Brands by 5.2% during the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company's stock worth $295,000 after purchasing an additional 527 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock valued at $55,000 after purchasing an additional 529 shares during the period. 83.75% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on CAG. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Stifel Nicolaus reduced their price target on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. Citigroup reduced 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. Finally, JPMorgan Chase & Co. cut their target price 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. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $28.20.

Conagra Brands Stock Performance

CAG traded up $0.09 during trading on Friday, reaching $26.55. 5,047,931 shares of the company were exchanged, compared to its average volume of 5,060,410. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $25.63 and a 200 day moving average of $27.63. The stock has a market cap of $12.67 billion, a P/E ratio of 26.03, a PEG 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.