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

Siemens Fonds Invest GmbH bought a new position in shares of Conagra Brands, Inc. (NYSE:CAG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,102 shares of the company’s stock, valued at approximately $86,000.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CAG. Barclays lowered their price objective on shares of Conagra Brands from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. lowered their price objective on shares of Conagra Brands from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company lowered 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 research note on Tuesday, February 18th. Stifel Nicolaus decreased their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley began coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an “equal weight” rating and a $27.00 price target for the company. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands presently has an average rating of “Hold” and a consensus target price of $27.50.

Conagra Brands Stock Up 0.9%

CAG stock opened at $22.97 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands, Inc. has a twelve month low of $22.38 and a twelve month high of $33.24. The company’s 50 day moving average is $25.07 and its two-hundred day moving average is $26.10. The stock has a market cap of $10.96 billion, a P/E ratio of 22.51, a PEG ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business posted $0.69 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts expect that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 6.10%. Conagra Brands’s payout ratio is currently 205.88%.

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.