Metis Global Partners LLC Acquires 12,977 Shares of Conagra Brands, Inc. (NYSE:CAG)

Metis Global Partners LLC boosted its position in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 84.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,279 shares of the company's stock after purchasing an additional 12,977 shares during the period. Metis Global Partners LLC's holdings in Conagra Brands were worth $785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Conagra Brands in the 4th quarter worth approximately $28,000. Grove Bank & Trust raised its holdings in 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. Stonebridge Financial Group LLC bought a new position in Conagra Brands during the fourth quarter worth about $44,000. Asset Planning Inc bought a new position in Conagra Brands during the fourth quarter worth about $53,000. Finally, ST Germain D J Co. Inc. increased its holdings in Conagra Brands by 36.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,992 shares of the company's stock worth $55,000 after purchasing an additional 529 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CAG. JPMorgan Chase & Co. lowered their price target on Conagra Brands from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. Wells Fargo & Company reduced their target price on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group downgraded shares of Conagra Brands from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Eight investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.67.

Conagra Brands Price Performance

Shares of CAG stock traded down $0.09 on Wednesday, reaching $25.39. 4,618,102 shares of the company were exchanged, compared to its average volume of 5,742,385. The business has a 50-day moving average price of $25.90 and a 200 day moving average price of $28.29. Conagra Brands, Inc. has a 1 year low of $23.06 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 1.76 and a beta of 0.28.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.15 billion. Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. Equities research analysts forecast that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, January 27th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.52%. Conagra Brands's dividend payout ratio (DPR) is 137.25%.

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.