Conagra Brands, Inc. (NYSE:CAG) Position Increased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its position in Conagra Brands, Inc. (NYSE:CAG) by 159.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,751 shares of the company’s stock after purchasing an additional 48,349 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Conagra Brands were worth $2,184,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands in the 4th quarter valued at approximately $28,000. Riverview Trust Co bought a new stake in Conagra Brands in the fourth quarter worth approximately $29,000. Grove Bank & Trust increased its stake in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock worth $31,000 after purchasing an additional 447 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Conagra Brands during the 4th quarter valued at $41,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Conagra Brands in the 4th quarter valued at $44,000. 83.75% of the stock is owned by institutional investors and hedge funds.

Conagra Brands Stock Performance

NYSE:CAG opened at $26.32 on Thursday. The firm’s 50-day moving average is $25.69 and its 200-day moving average is $27.52. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.76 and a beta of 0.18. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. Conagra Brands, Inc. has a 52-week low of $23.06 and a 52-week high of $33.24.

Conagra Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.32%. Conagra Brands’s dividend payout ratio is currently 137.25%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Bank of America cut their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Wells Fargo & Company dropped their price target on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.20.

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.