Orion Portfolio Solutions LLC Raises Holdings in Conagra Brands, Inc. (NYSE:CAG)

Orion Portfolio Solutions LLC boosted its stake in shares of Conagra Brands, Inc. (NYSE:CAG) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,474 shares of the company’s stock after acquiring an additional 10,925 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Conagra Brands were worth $4,675,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Conagra Brands by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company’s stock worth $1,631,671,000 after acquiring an additional 1,132,839 shares during the period. State Street Corp raised its holdings in Conagra Brands by 7.4% in the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock worth $796,229,000 after purchasing an additional 1,691,945 shares during the period. Nordea Investment Management AB boosted its position in Conagra Brands by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock worth $341,048,000 after purchasing an additional 618,096 shares in the last quarter. Geode Capital Management LLC grew its holdings in Conagra Brands by 1.7% in the third quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company’s stock valued at $373,180,000 after purchasing an additional 196,100 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Conagra Brands by 2.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company’s stock valued at $204,571,000 after buying an additional 122,590 shares in the last quarter. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Trading Up 0.4 %

Shares of CAG stock opened at $26.55 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The company’s 50-day moving average price is $25.63 and its 200-day moving average price is $27.60. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.76 and a beta of 0.18.

Wall Street Analyst Weigh In

CAG has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Bank of America cut 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. Stifel Nicolaus decreased 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. Citigroup cut their price objective 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. Finally, The Goldman Sachs Group downgraded Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $33.00 to $26.00 in a research report on Monday, February 24th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.20.

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.