Conagra Brands, Inc. (NYSE:CAG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Conagra Brands, Inc. (NYSE:CAG) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,798,952 shares of the company’s stock after acquiring an additional 1,132,839 shares during the quarter. Vanguard Group Inc. owned about 12.32% of Conagra Brands worth $1,631,671,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brookstone Capital Management increased its position in Conagra Brands by 18.4% during the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock worth $11,085,000 after purchasing an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Conagra Brands by 110.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock worth $1,196,000 after buying an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Conagra Brands by 41.0% during the 4th quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock valued at $2,175,000 after buying an additional 22,790 shares during the period. Nordea Investment Management AB lifted its holdings in Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after acquiring an additional 618,096 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in Conagra Brands by 13.2% during the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company’s stock worth $3,756,000 after acquiring an additional 15,834 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CAG. Barclays decreased their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. JPMorgan Chase & Co. reduced their price target 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. Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley began coverage on Conagra Brands in a research report on Monday. They issued an “equal weight” rating and a $27.00 target price on the stock. Nine 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Stock Performance

Shares of CAG stock opened at $26.50 on Friday. Conagra Brands, Inc. has a 52 week low of $23.06 and a 52 week high of $33.24. The firm has a 50 day moving average of $25.62 and a two-hundred day moving average of $27.71. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $12.65 billion, a PE ratio of 25.98, a P/E/G ratio of 1.76 and a beta of 0.18.

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.