Thrivent Financial for Lutherans Sells 1,192 Shares of Conagra Brands, Inc. (NYSE:CAG)

Thrivent Financial for Lutherans lowered its holdings in shares of Conagra Brands, Inc. (NYSE:CAG) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,264 shares of the company’s stock after selling 1,192 shares during the period. Thrivent Financial for Lutherans’ holdings in Conagra Brands were worth $899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Grove Bank & Trust increased its position in Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after buying an additional 447 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of 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 acquiring an additional 501 shares in the last quarter. International Private Wealth Advisors LLC boosted its stake in Conagra Brands by 5.2% in the 4th 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 in the last quarter. ST Germain D J Co. Inc. grew its position in Conagra Brands by 36.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company’s stock valued at $55,000 after purchasing an additional 529 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Conagra Brands by 1.1% in the fourth quarter. Arkadios Wealth Advisors now owns 53,369 shares of the company’s stock worth $1,481,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CAG shares. JPMorgan Chase & Co. cut their price target on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group lowered Conagra Brands from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Stifel Nicolaus lowered their price target on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Finally, Bank of America lowered their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Conagra Brands has an average rating of “Hold” and an average price target of $28.20.

Conagra Brands Stock Down 0.2 %

CAG opened at $26.60 on Wednesday. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The firm’s fifty day moving average is $25.67 and its 200 day moving average is $27.53. Conagra Brands, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $33.24.

Conagra Brands Company 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.