Maryland State Retirement & Pension System Has $706,000 Stake in Conagra Brands, Inc. (NYSE:CAG)

Maryland State Retirement & Pension System lowered its holdings in Conagra Brands, Inc. (NYSE:CAG) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,441 shares of the company’s stock after selling 1,763 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Conagra Brands were worth $706,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CAG. Brookstone Capital Management grew its holdings in Conagra Brands by 18.4% during the 4th quarter. Brookstone Capital Management now owns 399,454 shares of the company’s stock worth $11,085,000 after acquiring an additional 62,187 shares during the period. Integrated Wealth Concepts LLC grew its stake 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 worth $1,196,000 after purchasing an additional 19,329 shares during the period. State of Alaska Department of Revenue increased its holdings in Conagra Brands by 41.0% in the fourth 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 during the last quarter. Nordea Investment Management AB lifted its stake in Conagra Brands by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 12,285,579 shares of the company’s stock valued at $341,048,000 after buying an additional 618,096 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in Conagra Brands by 13.2% during the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company’s stock worth $3,756,000 after buying an additional 15,834 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CAG. Wells Fargo & Company reduced 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 research report on Tuesday, February 18th. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Citigroup dropped their price target 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. Morgan Stanley assumed coverage on Conagra Brands in a research report on Monday. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price 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. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.20.

Conagra Brands Trading Up 0.3 %

Shares of CAG stock opened at $25.76 on Tuesday. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The stock’s fifty day simple moving average is $25.61 and its 200 day simple moving average is $27.78. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $12.29 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.76 and a beta of 0.18.

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.