B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Conagra Brands, Inc. (NYSE:CAG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Conagra Brands, Inc. (NYSE:CAG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,402 shares of the company’s stock, valued at approximately $989,000.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Conagra Brands in the second quarter worth about $25,000. Chilton Capital Management LLC acquired a new stake in Conagra Brands in the second quarter worth about $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Conagra Brands by 82.8% during the third quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after purchasing an additional 420 shares during the period. LRI Investments LLC acquired a new stake in shares of Conagra Brands during the first quarter worth about $42,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Conagra Brands during the third quarter worth about $47,000. Institutional investors and hedge funds own 83.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CAG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a report on Thursday, October 3rd. Bank of America decreased their target price on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company lifted their target price on Conagra Brands from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. BNP Paribas raised Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group started coverage on Conagra Brands in a report on Monday, August 12th. They issued a “buy” rating and a $36.00 price target for the company. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Conagra Brands presently has a consensus rating of “Hold” and a consensus price target of $31.63.

Conagra Brands Trading Up 0.9 %

Shares of NYSE:CAG opened at $27.42 on Friday. The company has a market capitalization of $13.09 billion, a PE ratio of 26.62, a PEG ratio of 2.80 and a beta of 0.34. Conagra Brands, Inc. has a 12-month low of $26.21 and a 12-month high of $33.24. The business has a 50 day moving average of $29.67 and a two-hundred day moving average of $29.91. The company has a current ratio of 0.94, a quick ratio of 0.33 and a debt-to-equity ratio of 0.86.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, October 2nd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Conagra Brands had a net margin of 4.14% and a return on equity of 13.71%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, analysts forecast that Conagra Brands, Inc. will post 2.59 EPS for the current year.

Conagra Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Thursday, October 31st. Conagra Brands’s dividend payout ratio (DPR) is presently 135.92%.

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.