Swiss National Bank Sells 71,000 Shares of Conagra Brands, Inc. (NYSE:CAG)

Swiss National Bank lowered its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,348,312 shares of the company's stock after selling 71,000 shares during the period. Swiss National Bank owned about 0.28% of Conagra Brands worth $37,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAG. Pacer Advisors Inc. boosted its stake 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 valued at $346,495,000 after purchasing an additional 10,604,367 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Conagra Brands by 106.4% in the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company's stock valued at $197,624,000 after purchasing an additional 3,133,200 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Conagra Brands in the 3rd quarter valued at $65,932,000. State Street Corp boosted its stake 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 valued at $796,229,000 after purchasing an additional 1,691,945 shares in the last quarter. Finally, Ilex Capital Partners UK LLP acquired a new stake in shares of Conagra Brands in the 3rd quarter valued at $46,990,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Conagra Brands Stock Down 0.0 %

Shares of Conagra Brands stock traded down $0.01 on Thursday, reaching $25.89. 6,225,120 shares of the company were exchanged, compared to its average volume of 4,773,843. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.76 and a beta of 0.18. 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 company has a 50-day moving average of $25.64 and a 200 day moving average of $27.94.

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

Analysts Set New Price Targets

CAG has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced 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. Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Wednesday, December 11th. Bank of America lowered their price target on Conagra Brands from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group cut Conagra Brands from a "buy" rating to a "neutral" rating and lowered their price target for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Finally, Stifel Nicolaus lowered their price target on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Conagra Brands currently has a consensus rating of "Hold" and a consensus target price of $28.33.

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.