Virtu Financial LLC Takes Position in Conagra Brands, Inc. (NYSE:CAG)

Virtu Financial LLC acquired a new position in shares of Conagra Brands, Inc. (NYSE:CAG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,485 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands during the fourth quarter worth about $28,000. Riverview Trust Co acquired a new stake in Conagra Brands during the 4th quarter worth approximately $29,000. Grove Bank & Trust grew its holdings in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after acquiring an additional 447 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Conagra Brands in the 4th quarter valued at approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Conagra Brands during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Stock Performance

Shares of CAG stock opened at $26.55 on Friday. The firm has a 50 day moving average of $25.63 and a 200-day moving average of $27.67. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. 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 52 week low of $23.06 and a 52 week high of $33.24.

Analyst Ratings Changes

CAG has been the topic of several analyst reports. Morgan Stanley started coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Stifel Nicolaus reduced their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Wells Fargo & Company reduced their target price 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, JPMorgan Chase & Co. lowered their price target on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.20.

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.