TrueMark Investments LLC Buys Shares of 36,389 Conagra Brands $CAG

TrueMark Investments LLC bought a new position in shares of Conagra Brands (NYSE:CAG) in the 4th quarter, HoldingsChannel reports. The fund bought 36,389 shares of the company’s stock, valued at approximately $630,000.

A number of other institutional investors have also made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Conagra Brands in the 2nd quarter valued at approximately $26,000. True Wealth Design LLC boosted its position in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after purchasing an additional 1,427 shares during the period. MUFG Securities EMEA plc acquired a new stake in Conagra Brands in the 2nd quarter valued at approximately $29,000. Spire Wealth Management increased its holdings in Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after purchasing an additional 1,230 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Conagra Brands in the third quarter valued at approximately $33,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

Shares of CAG stock opened at $15.72 on Tuesday. The firm has a 50 day moving average of $17.90 and a two-hundred day moving average of $17.80. The stock has a market capitalization of $7.52 billion, a PE ratio of -71.45 and a beta of -0.02. 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 52 week low of $15.03 and a 52 week high of $27.68.

Analyst Ratings Changes

Several research firms have recently commented on CAG. Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. TD Cowen reiterated a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. UBS Group reissued a “neutral” rating and set a $20.00 target price on shares of Conagra Brands in a research note on Friday, February 13th. Stifel Nicolaus lowered their target price on Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $15.00 target price (down from $20.00) on shares of Conagra Brands in a research report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.29.

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.