130,570 Shares in Conagra Brands, Inc. (NYSE:CAG) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in shares of Conagra Brands, Inc. (NYSE:CAG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 130,570 shares of the company’s stock, valued at approximately $3,623,000.

Several other large investors also recently modified their holdings of CAG. Brookstone Capital Management boosted its stake in Conagra Brands by 18.4% in the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock valued at $11,085,000 after buying an additional 62,187 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Conagra Brands by 110.8% during the third quarter. Integrated Wealth Concepts LLC now owns 36,768 shares of the company’s stock valued at $1,196,000 after acquiring an additional 19,329 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of 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 valued at $2,175,000 after purchasing an additional 22,790 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of 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 purchasing an additional 618,096 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Conagra Brands by 13.2% during the 4th quarter. Sound Income Strategies LLC now owns 135,352 shares of the company’s stock worth $3,756,000 after purchasing an additional 15,834 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Morgan Stanley started coverage on Conagra Brands in a report on Monday, March 24th. They set an “equal weight” rating and a $27.00 price target for 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 research note on Tuesday, February 18th. Bank of America lowered their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, Barclays reduced their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.20.

Conagra Brands Stock Up 0.4 %

Shares of NYSE:CAG opened at $26.55 on Friday. 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 stock has a market cap of $12.67 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a 50 day moving average of $25.63 and a 200-day moving average of $27.67. Conagra Brands, Inc. has a one year low of $23.06 and a one year high of $33.24.

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.