Virtu Financial LLC lowered its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 75.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,403 shares of the company’s stock after selling 26,414 shares during the period. Virtu Financial LLC’s holdings in Conagra Brands were worth $317,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Synovus Financial Corp boosted its stake in Conagra Brands by 52.9% during the third quarter. Synovus Financial Corp now owns 13,585 shares of the company’s stock worth $458,000 after buying an additional 4,701 shares in the last quarter. Barings LLC boosted its stake in Conagra Brands by 176.9% during the fourth quarter. Barings LLC now owns 62,608 shares of the company’s stock worth $2,358,000 after buying an additional 40,000 shares in the last quarter. Check Capital Management Inc. CA acquired a new stake in Conagra Brands during the fourth quarter worth $256,000. Iberiabank Corp acquired a new stake in Conagra Brands during the fourth quarter worth $207,000. Finally, Keeley Teton Advisors LLC boosted its stake in Conagra Brands by 21.4% during the third quarter. Keeley Teton Advisors LLC now owns 62,218 shares of the company’s stock worth $2,099,000 after buying an additional 10,967 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Shares of Conagra Brands Inc (NYSE CAG) opened at $38.19 on Tuesday. Conagra Brands Inc has a 52 week low of $32.16 and a 52 week high of $41.65. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86. The company has a market cap of $15,249.15, a price-to-earnings ratio of 20.46, a PEG ratio of 2.42 and a beta of 0.32.
In related news, SVP Robert G. Wise sold 23,170 shares of Conagra Brands stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $37.87, for a total value of $877,447.90. Following the completion of the transaction, the senior vice president now directly owns 51,859 shares of the company’s stock, valued at $1,963,900.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joie A. Gregor sold 5,250 shares of Conagra Brands stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $38.04, for a total value of $199,710.00. The disclosure for this sale can be found here. Insiders sold 33,670 shares of company stock valued at $1,276,868 over the last ninety days. 0.79% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. Stifel Nicolaus boosted their target price on shares of Conagra Brands from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Sanford C. Bernstein upgraded shares of Conagra Brands from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 14th. UBS Group upgraded shares of Conagra Brands from a “sell” rating to a “neutral” rating and boosted their target price for the company from $33.00 to $37.00 in a research note on Tuesday, December 12th. Finally, Credit Suisse Group set a $40.00 target price on shares of Conagra Brands and gave the company a “hold” rating in a research note on Monday, December 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Conagra Brands currently has an average rating of “Hold” and a consensus target price of $40.50.
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Conagra Brands Company Profile
Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.
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