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

B. Metzler seel. Sohn & Co. AG lifted its holdings in Conagra Brands, Inc. (NYSE:CAG) by 159.0% in the 4th quarter, according to the company in its most recent disclosure with the 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 as of its most recent filing with the SEC.

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

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $26.32 on Thursday. The stock has a market cap of $12.56 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. Conagra Brands, Inc. has a 12 month low of $23.06 and a 12 month high of $33.24. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $25.69 and a 200-day simple moving average of $27.52.

Conagra Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be issued 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 137.25%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley started coverage on Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Barclays cut their price target on shares of Conagra Brands from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. The Goldman Sachs Group cut shares of Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $26.00 in a research note on Monday, February 24th. Bank of America cut their target price on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, Stifel Nicolaus decreased their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.20.

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.