UniSuper Management Pty Ltd Has $2.08 Million Stock Position in Conagra Brands, Inc. (NYSE:CAG)

UniSuper Management Pty Ltd boosted its position in Conagra Brands, Inc. (NYSE:CAG) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,972 shares of the company’s stock after buying an additional 5,336 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Conagra Brands were worth $2,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAG. Brookstone Capital Management grew its position in shares of Conagra Brands by 18.4% in 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 last quarter. Integrated Wealth Concepts LLC grew its holdings 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 last quarter. State of Alaska Department of Revenue increased its position 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 buying an additional 22,790 shares during the period. Nordea Investment Management AB lifted its holdings in shares of 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 buying an additional 618,096 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Conagra Brands by 13.2% in 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 during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays cut their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Citigroup decreased their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Bank of America cut their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a report on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Stock Performance

Shares of NYSE:CAG opened at $26.55 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. The business’s fifty day moving average price is $25.63 and its two-hundred day moving average price is $27.60. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

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.