Conagra Brands, Inc. (NYSE:CAG) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,304,379 shares of the company’s stock after selling 30,999 shares during the period. Sei Investments Co. owned about 0.27% of Conagra Brands worth $36,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp raised its position in shares of Conagra Brands by 7.4% during the 3rd quarter. State Street Corp now owns 24,484,277 shares of the company’s stock worth $796,229,000 after purchasing an additional 1,691,945 shares during the last quarter. Nordea Investment Management AB increased its position in 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Conagra Brands by 1.7% in the third quarter. Geode Capital Management LLC now owns 11,514,152 shares of the company’s stock worth $373,180,000 after acquiring an additional 196,100 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Conagra Brands by 2.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,290,625 shares of the company’s stock valued at $204,571,000 after acquiring an additional 122,590 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Conagra Brands by 106.4% during the third quarter. Two Sigma Advisers LP now owns 6,077,000 shares of the company’s stock valued at $197,624,000 after acquiring an additional 3,133,200 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Up 0.3 %

Shares of NYSE:CAG opened at $25.76 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The stock has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $27.78. The stock has a market capitalization of $12.29 billion, a P/E ratio of 25.25, a PEG ratio of 1.76 and a beta of 0.18.

Analyst Ratings Changes

CAG has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Morgan Stanley initiated coverage on Conagra Brands in a report on Monday. They set an “equal weight” rating and a $27.00 price objective on the stock. Finally, The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.20.

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.