Conagra Brands (NYSE:CAG) Price Target Cut to $14.00 by Analysts at Deutsche Bank Aktiengesellschaft

Conagra Brands (NYSE:CAG) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $18.00 to $14.00 in a research report released on Monday,Benzinga reports. They currently have a hold rating on the stock.

CAG has been the subject of several other reports. Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Jefferies Financial Group dropped their target price on shares of Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company reiterated an “underweight” rating and set a $15.00 target price (down from $20.00) on shares of Conagra Brands in a research note on Thursday, March 12th. Morgan Stanley reissued an “overweight” rating on shares of Conagra Brands in a report on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Conagra Brands currently has a consensus rating of “Reduce” and an average price target of $18.29.

Conagra Brands Stock Performance

CAG opened at $15.72 on Monday. The firm has a market capitalization of $7.52 billion, a P/E ratio of -71.45 and a beta of -0.02. The stock’s 50 day moving average price is $17.90 and its two-hundred day moving average price is $17.80. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. Conagra Brands has a 12-month low of $15.03 and a 12-month high of $27.68.

Institutional Trading of Conagra Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in Conagra Brands by 25.0% during the fourth quarter. Hsbc Holdings PLC now owns 785,989 shares of the company’s stock worth $13,634,000 after buying an additional 157,423 shares in the last quarter. World Investment Advisors acquired a new position in shares of Conagra Brands in the 4th quarter valued at $177,000. Alpine Global Management LLC bought a new position in shares of Conagra Brands during the 4th quarter worth about $181,000. Virtu Financial LLC lifted its holdings in shares of Conagra Brands by 149.6% during the 4th quarter. Virtu Financial LLC now owns 59,039 shares of the company’s stock worth $1,022,000 after acquiring an additional 35,390 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Conagra Brands by 24.2% during the 4th quarter. Sunbelt Securities Inc. now owns 14,498 shares of the company’s stock valued at $251,000 after acquiring an additional 2,826 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors.

About Conagra Brands

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.