Mitsubishi UFJ Trust & Banking Corp Trims Stock Holdings in Conagra Brands, Inc. (NYSE:CAG)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 508,098 shares of the company’s stock after selling 19,649 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Conagra Brands were worth $14,100,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Brookstone Capital Management boosted its stake in shares of Conagra Brands by 18.4% during the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock valued at $11,085,000 after purchasing an additional 62,187 shares during the period. Integrated Wealth Concepts LLC boosted its position in Conagra Brands by 110.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock valued at $1,196,000 after buying an additional 19,329 shares during the period. State of Alaska Department of Revenue grew its stake in Conagra Brands by 41.0% in the 4th 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 in the last quarter. Nordea Investment Management AB grew its stake in Conagra Brands by 5.3% in the 4th 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 in the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Conagra Brands by 13.2% during the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company’s stock valued at $3,756,000 after acquiring an additional 15,834 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada restated a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Citigroup lowered their price objective 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. Bank of America cut their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. 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. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Conagra Brands has a consensus rating of “Hold” and an average price target of $28.20.

Conagra Brands Stock Up 0.4 %

Conagra Brands stock opened at $26.55 on Friday. The business has a fifty day moving average price of $25.63 and a 200-day moving average price of $27.67. Conagra Brands, Inc. has a 1-year low of $23.06 and a 1-year high of $33.24. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.76 and a beta of 0.18. 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 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.