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

Korea Investment CORP grew its holdings in Conagra Brands, Inc. (NYSE:CAG) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 817,944 shares of the company’s stock after purchasing an additional 101,865 shares during the quarter. Korea Investment CORP owned about 0.17% of Conagra Brands worth $22,698,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CAG. Thrivent Financial for Lutherans grew its stake in shares of Conagra Brands by 13.1% during the third quarter. Thrivent Financial for Lutherans now owns 33,456 shares of the company’s stock valued at $1,088,000 after purchasing an additional 3,867 shares during the last quarter. Larson Financial Group LLC boosted its position in Conagra Brands by 547.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,099 shares of the company’s stock valued at $68,000 after buying an additional 1,775 shares during the last quarter. FMR LLC increased its stake in shares of Conagra Brands by 4.8% in the 3rd quarter. FMR LLC now owns 1,478,380 shares of the company’s stock valued at $48,077,000 after buying an additional 67,079 shares during the period. BNP Paribas Financial Markets raised its position in shares of Conagra Brands by 113.7% during the third quarter. BNP Paribas Financial Markets now owns 959,968 shares of the company’s stock worth $31,218,000 after acquiring an additional 510,789 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new position in shares of Conagra Brands during the third quarter valued at $283,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Stock Performance

CAG stock opened at $26.55 on Friday. Conagra Brands, Inc. has a 1-year low of $23.06 and a 1-year 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 firm has a market cap of $12.67 billion, a PE ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18. The business’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $27.63.

Analyst Ratings Changes

CAG has been the subject of several recent research reports. Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. The Goldman Sachs Group downgraded shares of Conagra Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Barclays reduced 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. JPMorgan Chase & Co. dropped their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price target on 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. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.