Deutsche Bank AG Has $157.18 Million Stake in Conagra Brands, Inc. (NYSE:CAG)

Deutsche Bank AG grew its stake in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,664,293 shares of the company's stock after purchasing an additional 1,928,883 shares during the period. Deutsche Bank AG owned approximately 1.19% of Conagra Brands worth $157,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAG. Brookstone Capital Management raised its stake in shares of Conagra Brands by 18.4% during the fourth quarter. Brookstone Capital Management now owns 399,454 shares of the company's stock worth $11,085,000 after acquiring an additional 62,187 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Conagra Brands by 104.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,793,701 shares of the company's stock valued at $49,776,000 after buying an additional 914,820 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Conagra Brands by 41.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,414 shares of the company's stock worth $2,175,000 after buying an additional 22,790 shares during the period. Sound Income Strategies LLC increased its stake in shares of Conagra Brands by 13.2% during the fourth quarter. Sound Income Strategies LLC now owns 135,352 shares of the company's stock valued at $3,756,000 after buying an additional 15,834 shares during the period. Finally, Machina Capital S.A.S. purchased a new stake in shares of Conagra Brands during the 4th quarter valued at $558,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CAG shares. Stifel Nicolaus reduced their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Barclays cut their price target on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday. Morgan Stanley assumed coverage on shares of Conagra Brands in a research report on Monday, March 24th. They set an "equal weight" rating and a $27.00 price target on the stock. The Goldman Sachs Group cut shares of Conagra Brands from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $33.00 to $26.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.50.

Conagra Brands Stock Performance

NYSE:CAG traded up $0.14 during mid-day trading on Thursday, hitting $22.59. The company's stock had a trading volume of 1,779,780 shares, compared to its average volume of 5,264,469. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a 1 year low of $22.38 and a 1 year high of $33.24. The business's fifty day moving average is $25.24 and its two-hundred day moving average is $26.24. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The business's quarterly revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that Conagra Brands, Inc. will post 2.35 EPS 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. Investors of record on Monday, April 28th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a yield of 6.20%. Conagra Brands's payout ratio is currently 205.88%.

About Conagra Brands

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.