New Age Alpha Advisors LLC Makes New Investment in Conagra Brands, Inc. (NYSE:CAG)

New Age Alpha Advisors LLC bought a new position in shares of Conagra Brands, Inc. (NYSE:CAG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 130,570 shares of the company’s stock, valued at approximately $3,623,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CAG. Thrivent Financial for Lutherans increased its stake in Conagra Brands by 13.1% in the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company’s stock valued at $1,088,000 after purchasing an additional 3,867 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Conagra Brands by 547.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,099 shares of the company’s stock valued at $68,000 after buying an additional 1,775 shares during the period. Daiwa Securities Group Inc. increased its position in shares of 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 in the last quarter. FMR LLC raised its stake in Conagra Brands by 4.8% during the 3rd quarter. FMR LLC now owns 1,478,380 shares of the company’s stock worth $48,077,000 after buying an additional 67,079 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Conagra Brands by 113.7% during the third 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 in the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Trading Up 0.4 %

Shares of NYSE:CAG opened at $26.55 on Friday. The stock has a market capitalization of $12.67 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The company’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $27.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CAG shares. The Goldman Sachs Group downgraded 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 report on Monday, February 24th. Citigroup lowered their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Stifel Nicolaus cut their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Nine investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.