Schafer Cullen Capital Management Inc reduced its holdings in Conagra Brands Inc (NYSE:CAG) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,819 shares of the company’s stock after selling 4,416 shares during the quarter. Schafer Cullen Capital Management Inc’s holdings in Conagra Brands were worth $594,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in CAG. Regent Investment Management LLC raised its position in shares of Conagra Brands by 9.0% during the 4th quarter. Regent Investment Management LLC now owns 9,945 shares of the company’s stock valued at $212,000 after acquiring an additional 820 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Conagra Brands by 15.1% during the 4th quarter. Synovus Financial Corp now owns 10,450 shares of the company’s stock worth $222,000 after buying an additional 1,373 shares during the last quarter. Securian Asset Management Inc boosted its stake in shares of Conagra Brands by 24.2% during the 4th quarter. Securian Asset Management Inc now owns 49,075 shares of the company’s stock worth $1,048,000 after buying an additional 9,574 shares during the last quarter. Vanguard Group Inc lifted its stake in Conagra Brands by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 45,019,445 shares of the company’s stock valued at $1,529,309,000 after purchasing an additional 362,347 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Conagra Brands in the 4th quarter valued at about $2,824,000. 83.45% of the stock is currently owned by institutional investors and hedge funds.
CAG stock traded down $0.02 during midday trading on Tuesday, hitting $23.07. The stock had a trading volume of 80,764 shares, compared to its average volume of 6,910,523. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.60 and a beta of 0.74. The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 1.58. Conagra Brands Inc has a 1-year low of $20.22 and a 1-year high of $39.43.
CAG has been the subject of several research reports. Zacks Investment Research restated a “sell” rating on shares of Conagra Brands in a research report on Monday, December 31st. Goldman Sachs Group cut shares of Conagra Brands from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Credit Suisse Group set a $39.00 target price on shares of Conagra Brands and gave the company a “hold” rating in a research report on Thursday, December 20th. Jefferies Financial Group reiterated a “buy” rating and set a $44.00 price target on shares of Conagra Brands in a report on Wednesday, December 19th. Finally, TheStreet lowered shares of Conagra Brands from a “b-” rating to a “c+” rating in a report on Monday, December 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Conagra Brands currently has a consensus rating of “Hold” and a consensus target price of $41.40.
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Conagra Brands Profile
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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