Wells Fargo & Company Trims Conagra Brands (NYSE:CAG) Target Price to $31.00

Conagra Brands (NYSE:CAGGet Free Report) had its price objective decreased by research analysts at Wells Fargo & Company from $32.00 to $31.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 7.19% from the stock’s previous close.

CAG has been the subject of a number of other research reports. Stifel Nicolaus boosted their price objective on Conagra Brands from $29.00 to $32.00 and gave the company a “hold” rating in a report on Friday, April 5th. Barclays boosted their target price on shares of Conagra Brands from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Citigroup decreased their price objective on shares of Conagra Brands from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Conagra Brands has a consensus rating of “Hold” and a consensus target price of $32.93.

Read Our Latest Research Report on Conagra Brands

Conagra Brands Trading Up 0.6 %

Conagra Brands stock traded up $0.18 during midday trading on Wednesday, reaching $28.92. The stock had a trading volume of 1,366,217 shares, compared to its average volume of 4,662,818. Conagra Brands has a 52-week low of $25.16 and a 52-week high of $33.60. The company has a fifty day moving average of $29.59 and a 200 day moving average of $29.22. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.76 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 0.95 and a debt-to-equity ratio of 0.81.

Insider Activity at Conagra Brands

In other Conagra Brands news, EVP Charisse Brock sold 15,444 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $30.37, for a total value of $469,034.28. Following the completion of the transaction, the executive vice president now directly owns 113,254 shares in the company, valued at $3,439,523.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CAG. Lido Advisors LLC boosted its stake in Conagra Brands by 29.5% in the 3rd quarter. Lido Advisors LLC now owns 9,557 shares of the company’s stock worth $262,000 after purchasing an additional 2,179 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Conagra Brands by 28.6% in the third quarter. Deutsche Bank AG now owns 2,951,129 shares of the company’s stock worth $80,920,000 after acquiring an additional 657,170 shares during the period. Trust Co. of Vermont raised its holdings in shares of Conagra Brands by 35.7% during the third quarter. Trust Co. of Vermont now owns 3,800 shares of the company’s stock worth $104,000 after purchasing an additional 1,000 shares during the last quarter. Arden Trust Co acquired a new position in Conagra Brands during the fourth quarter valued at $300,000. Finally, DNB Asset Management AS grew its position in Conagra Brands by 4.7% during the 4th quarter. DNB Asset Management AS now owns 84,912 shares of the company’s stock worth $2,434,000 after purchasing an additional 3,810 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

About Conagra Brands

(Get Free Report)

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.

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Analyst Recommendations for Conagra Brands (NYSE:CAG)

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