Tredje AP fonden Sells 71,324 Shares of Conagra Brands, Inc. (NYSE:CAG)

Tredje AP fonden reduced its position in shares of Conagra Brands, Inc. (NYSE:CAG) by 50.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,325 shares of the company’s stock after selling 71,324 shares during the period. Tredje AP fonden’s holdings in Conagra Brands were worth $1,979,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CAG. Brookstone Capital Management raised its stake in shares of Conagra Brands by 18.4% in the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock worth $11,085,000 after acquiring an additional 62,187 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Conagra Brands by 110.8% in the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock worth $1,196,000 after acquiring an additional 19,329 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Conagra Brands by 41.0% in the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company’s stock worth $2,175,000 after acquiring an additional 22,790 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after acquiring an additional 618,096 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of 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 acquiring an additional 10,604,367 shares during the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Down 0.6 %

Shares of NYSE CAG opened at $25.66 on Friday. The stock has a market cap of $12.25 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.76 and a beta of 0.18. The firm has a 50 day moving average price of $25.68 and a 200 day moving average price of $28.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Analysts expect that Conagra Brands, Inc. will post 2.35 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their target price on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Bank of America dropped their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Barclays lowered their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Conagra Brands has a consensus rating of “Hold” and a consensus target price of $28.33.

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.