Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Conagra Brands, Inc. (NYSE:CAG - Free Report) by 16.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,151 shares of the company's stock after selling 47,382 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Conagra Brands worth $6,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CAG. Principal Financial Group Inc. grew its holdings in Conagra Brands by 0.6% in the third quarter. Principal Financial Group Inc. now owns 573,789 shares of the company's stock worth $18,660,000 after purchasing an additional 3,597 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Conagra Brands in the third quarter worth $202,000. Venturi Wealth Management LLC grew its holdings in Conagra Brands by 30.5% in the third quarter. Venturi Wealth Management LLC now owns 5,838 shares of the company's stock worth $190,000 after purchasing an additional 1,366 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Conagra Brands by 2.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,225,637 shares of the company's stock worth $39,858,000 after purchasing an additional 30,685 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in Conagra Brands in the third quarter worth $227,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America cut their price target on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Stifel Nicolaus dropped their price objective 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. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Barclays dropped their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.33.

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Conagra Brands Stock Performance

NYSE CAG traded up $0.45 on Monday, reaching $26.10. 4,374,077 shares of the company's stock traded hands, compared to its average volume of 4,768,344. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.76 and a beta of 0.18. The stock has a 50 day moving average price of $25.68 and a 200-day moving average price of $28.03. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. 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 (NYSE:CAG - Get Free Report) last posted 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. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. Equities research analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands 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.