Securian Asset Management Inc. Has $712,000 Stock Position in Conagra Brands, Inc. (NYSE:CAG)

Securian Asset Management Inc. reduced its position in Conagra Brands, Inc. (NYSE:CAG) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,650 shares of the company’s stock after selling 845 shares during the period. Securian Asset Management Inc.’s holdings in Conagra Brands were worth $712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Conagra Brands by 21,015.0% in the third quarter. Pacer Advisors Inc. now owns 10,654,828 shares of the company’s stock worth $346,495,000 after buying an additional 10,604,367 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Conagra Brands by 106.4% during the 3rd quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock valued at $197,624,000 after purchasing an additional 3,133,200 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Conagra Brands in the 3rd quarter valued at $65,932,000. State Street Corp lifted its stake in shares of Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock valued at $796,229,000 after purchasing an additional 1,691,945 shares during the last quarter. Finally, Ilex Capital Partners UK LLP bought a new stake in Conagra Brands in the third quarter worth $46,990,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CAG shares. Bank of America dropped their target price 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. Wells Fargo & Company dropped their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Barclays decreased their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Citigroup reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, December 11th. Eight 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.33.

Conagra Brands Price Performance

Shares of CAG opened at $25.66 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm has a market capitalization of $12.25 billion, a PE ratio of 25.16, a P/E/G ratio of 1.76 and a beta of 0.18. The stock has a 50 day simple moving average of $25.68 and a 200 day simple moving average of $28.03. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Sell-side analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

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.