Sei Investments Co. Reduces Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Sei Investments Co. lessened its stake in Conagra Brands, Inc. (NYSE:CAG) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,304,379 shares of the company’s stock after selling 30,999 shares during the quarter. Sei Investments Co.’s holdings in Conagra Brands were worth $36,197,000 at the end of the most recent reporting period.

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

Conagra Brands Stock Up 0.3 %

Shares of Conagra Brands stock opened at $25.76 on Tuesday. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The business’s 50 day simple moving average is $25.61 and its 200-day simple moving average is $27.78.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAG. JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Morgan Stanley initiated coverage on shares of Conagra Brands in a research note on Monday. They issued an “equal weight” rating and a $27.00 target price on the stock. Stifel Nicolaus decreased their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, Barclays reduced their target price on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Conagra Brands currently has an average rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Company 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.