Siemens Fonds Invest GmbH Makes New $86,000 Investment in Conagra Brands, Inc. (NYSE:CAG)

Siemens Fonds Invest GmbH purchased a new position in Conagra Brands, Inc. (NYSE:CAG) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,102 shares of the company’s stock, valued at approximately $86,000.

Other large investors have also bought and sold shares of the company. Riverview Trust Co acquired a new stake in Conagra Brands in the fourth quarter worth $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Conagra Brands during the fourth quarter valued at about $41,000. Stonebridge Financial Group LLC acquired a new position in shares of Conagra Brands during the fourth quarter valued at about $44,000. Asset Planning Inc acquired a new position in shares of Conagra Brands during the fourth quarter valued at about $53,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Conagra Brands during the fourth quarter valued at about $53,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Conagra Brands Stock Up 0.8%

Conagra Brands stock opened at $22.86 on Friday. Conagra Brands, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $33.24. The stock has a market cap of $10.91 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The firm’s 50-day simple moving average is $24.44 and its 200 day simple moving average is $25.74. 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 (NYSE:CAG) last released its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Research analysts predict that Conagra Brands, Inc. will post 2.35 EPS for the current fiscal year.

Conagra Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, April 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend was Monday, April 28th. Conagra Brands’s payout ratio is 205.88%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CAG shares. Barclays reduced their price objective on shares of Conagra Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 12th. The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Wells Fargo & Company reduced their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Conagra Brands from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.50.

Conagra Brands Company 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.