Korea Investment CORP Purchases 101,865 Shares of Conagra Brands, Inc. (NYSE:CAG)

Korea Investment CORP raised its position in Conagra Brands, Inc. (NYSE:CAG) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 817,944 shares of the company’s stock after purchasing an additional 101,865 shares during the quarter. Korea Investment CORP’s holdings in Conagra Brands were worth $22,698,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP lifted its stake in Conagra Brands by 106.4% in the 3rd 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 in the last quarter. Holocene Advisors LP acquired a new stake in shares of Conagra Brands in the third quarter valued at approximately $65,932,000. State Street Corp lifted its position in shares of Conagra Brands by 7.4% in the third 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 in the last quarter. Ilex Capital Partners UK LLP acquired a new position in Conagra Brands during the third quarter worth $46,990,000. Finally, Vanguard Group Inc. grew its position in Conagra Brands by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 58,798,952 shares of the company’s stock valued at $1,631,671,000 after purchasing an additional 1,132,839 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CAG has been the topic of several analyst reports. Citigroup decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, December 11th. Morgan Stanley initiated coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target for the company. Barclays lowered their price objective on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus cut their target price on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company reduced their price target on Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Stock Up 0.4 %

Conagra Brands stock opened at $26.55 on Friday. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The stock has a market cap of $12.67 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18. The company’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $27.63. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

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.