Orion Portfolio Solutions LLC Acquires 10,925 Shares of Conagra Brands, Inc. (NYSE:CAG)

Orion Portfolio Solutions LLC increased its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 168,474 shares of the company’s stock after purchasing an additional 10,925 shares during the period. Orion Portfolio Solutions LLC’s holdings in Conagra Brands were worth $4,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Conagra Brands during the 4th quarter valued at $28,000. Riverview Trust Co purchased a new stake in shares of Conagra Brands during the 4th quarter worth $29,000. Grove Bank & Trust lifted its stake in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after purchasing an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Conagra Brands during the fourth quarter valued at about $41,000. Finally, Stonebridge Financial Group LLC purchased a new position in Conagra Brands in the fourth quarter valued at about $44,000. 83.75% of the stock is currently owned by institutional investors.

Conagra Brands Trading Up 0.4 %

Shares of NYSE:CAG opened at $26.55 on Monday. The business has a 50-day moving average price of $25.63 and a 200-day moving average price of $27.60. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Bank of America cut their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. Citigroup reduced 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. Finally, Barclays lowered their price target on Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.