Conagra Brands $CAG Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in Conagra Brands (NYSE:CAG) by 12.4% during the first quarter, Holdings Channel reports. The institutional investor owned 325,404 shares of the company’s stock after selling 45,983 shares during the period. New York State Teachers Retirement System’s holdings in Conagra Brands were worth $5,115,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter worth about $26,000. MUFG Securities EMEA plc purchased a new position in Conagra Brands in the second quarter valued at approximately $29,000. Harbour Investments Inc. increased its stake in Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after purchasing an additional 701 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in Conagra Brands by 156.9% during the first quarter. Bell Investment Advisors Inc now owns 1,685 shares of the company’s stock worth $26,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Conagra Brands during the 3rd quarter worth approximately $33,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAG. Weiss Ratings cut shares of Conagra Brands from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Conagra Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. The Goldman Sachs Group dropped their price objective on Conagra Brands from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday, April 2nd. JPMorgan Chase & Co. cut their target price on Conagra Brands from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Finally, Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $14.13.

Insider Buying and Selling

In other Conagra Brands news, Director John J. Mulligan acquired 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were purchased at an average price of $14.31 per share, with a total value of $250,425.00. Following the completion of the acquisition, the director directly owned 20,728 shares of the company’s stock, valued at approximately $296,617.68. The trade was a 542.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard H. Lenny acquired 25,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was acquired at an average price of $14.34 per share, with a total value of $358,500.00. Following the transaction, the director directly owned 229,340 shares of the company’s stock, valued at $3,288,735.60. This represents a 12.23% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.57% of the stock is owned by insiders.

Conagra Brands Price Performance

Shares of CAG opened at $14.06 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $13.63 and its two-hundred day moving average is $15.88. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.82. The firm has a market capitalization of $6.73 billion, a PE ratio of -140.64 and a beta of -0.02.

Conagra Brands Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.