Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 54.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,859 shares of the company’s stock after selling 21,204 shares during the period. Congress Wealth Management LLC DE’s holdings in Conagra Brands were worth $496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CAG. Thrivent Financial for Lutherans boosted its holdings in shares of Conagra Brands by 13.1% during the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company’s stock worth $1,088,000 after purchasing an additional 3,867 shares during the last quarter. Larson Financial Group LLC boosted its stake in Conagra Brands by 547.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,099 shares of the company’s stock worth $68,000 after buying an additional 1,775 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Conagra Brands by 11.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 58,495 shares of the company’s stock valued at $1,902,000 after buying an additional 6,173 shares during the period. FMR LLC increased its stake in shares of Conagra Brands by 4.8% during the 3rd quarter. FMR LLC now owns 1,478,380 shares of the company’s stock valued at $48,077,000 after acquiring an additional 67,079 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Conagra Brands by 113.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 959,968 shares of the company’s stock worth $31,218,000 after acquiring an additional 510,789 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Conagra Brands in a research report on Monday, March 24th. They set an “equal weight” rating and a $27.00 price target for the company. 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. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $26.00 in a report on Monday, February 24th. Wells Fargo & Company cut their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Bank of America reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Nine research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.20.

Conagra Brands Stock Up 0.4 %

NYSE CAG opened at $26.55 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The business has a 50 day moving average price of $25.63 and a two-hundred day moving average price of $27.67. The stock has a market cap of $12.67 billion, a PE ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18.

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.