Two Sigma Advisers Reduces $124M in Conagra Brands, Inc. ($CAG)
Key Points
- Two Sigma Advisers changed its Conagra Brands, Inc. ($CAG) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $CAG is Hold and an average price target of $14.59.
- $CAG last traded around $13.74.
Two Sigma Advisers reduced its position in Conagra Brands, Inc. ($CAG), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Conagra Brands, Inc. after selling 9,044,000 shares during the quarter.
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About Conagra Brands, Inc.
Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP brands. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.
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