Elo Mutual Pension Insurance Co Buys 7,435 Shares of Conagra Brands, Inc. (NYSE:CAG)

Elo Mutual Pension Insurance Co raised its stake in Conagra Brands, Inc. (NYSE:CAG) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,912 shares of the company’s stock after acquiring an additional 7,435 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Conagra Brands were worth $1,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grove Bank & Trust increased its position in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after buying an additional 447 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Conagra Brands by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company’s stock valued at $2,346,000 after purchasing an additional 501 shares during the last quarter. Xponance Inc. lifted its holdings in Conagra Brands by 0.8% during the fourth quarter. Xponance Inc. now owns 65,680 shares of the company’s stock valued at $1,823,000 after purchasing an additional 505 shares during the last quarter. International Private Wealth Advisors LLC boosted its position in Conagra Brands by 5.2% during the fourth quarter. International Private Wealth Advisors LLC now owns 10,644 shares of the company’s stock worth $295,000 after purchasing an additional 527 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in shares of Conagra Brands by 36.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock worth $55,000 after purchasing an additional 529 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Conagra Brands Stock Performance

Shares of CAG opened at $26.55 on Friday. Conagra Brands, Inc. has a 12-month low of $23.06 and a 12-month high of $33.24. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The company has a market cap of $12.67 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The stock has a 50-day moving average price of $25.63 and a 200-day moving average price of $27.63.

Analyst Ratings Changes

A number of analysts recently commented on CAG shares. The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $26.00 in a research note on Monday, February 24th. Morgan Stanley initiated coverage on Conagra Brands in a research report on Monday, March 24th. They set an “equal weight” rating and a $27.00 target price on the stock. Bank of America reduced their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Citigroup dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.20.

Conagra Brands 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.