26 August, 2017
Vanguard Group Inc reports that it increased its investment in ConAgra Brands, Inc. shares by 364,984 shares as of the end of the last quarter. The institutional investor owned 7,277,792 shares of the company's stock after buying an additional 1,100,589 shares during the period. Legal & General Group Plc owned 0.51% of ConAgra Foods worth $76,401,000 at the end of the most recent reporting period. (CAG)-4 analysts issued Buy for the stock, 4 analysts gave Outperform rating, 3 think it's a Hold, 1 issued Underperform, while 1 analyst gave a Sell rating. Looking at the other side of the coin, CAG traded as low as $32.93 in the past 52 weeks, and since then the shares have risen 0.91% or $0.3. The Pacad Investment Ltd holds 78,311 shares with $3.10M value, up from 63,800 last quarter.
Overland Advisors Llc increased Cobalt Intl Energy Inc (Prn) stake by 1,000 shares to 13,500 valued at $5.48 million in 2016Q4. As of quarter end Toronto Dominion Bank had bought a total of 53,744 shares growing its position 1,180.9%. Geode Capital Management LLC raised its stake in ConAgra Foods by 12.3% in the first quarter. Meyer Handelman Co. raised its position in shares of ConAgra Foods by 0.6% in the first quarter. Finally, Bank of Nova Scotia raised its stake in ConAgra Foods by 259.4% in the first quarter. The Pennsylvania-based Irving Magee Investment Management has invested 2.42% in the stock.
A number of analysts offered their Estimated Earnings analysis for ConAgra Foods, Inc.
From another technical standpoint, Conagra Brands, Inc.
The stock is trading at $33.23 which is marginally lower than the 50 day moving average of $34.10 and which is significantly below the 200 day moving average of $38.01. The Market Cap of the company is $14.33 Billion.
ConAgra Foods (NYSE:CAG) last released its quarterly earnings results on Thursday, June 29th. Geode Capital Management LLC now owns 4,266,630 shares of the company's stock valued at $171,882,000 after buying an additional 467,789 shares in the last quarter. ConAgra Foods had a return on equity of 20.29% and a net margin of 7.43%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.86 billion. Analysts expect next quarter's EPS to be $0.52 and the next full year EPS is anticipated to be $2.01. ConAgra Foods's revenue was down 9.3% compared to the same quarter past year.
Analysts are also projecting an Average Revenue Estimate for ConAgra Foods, Inc.as $1.78 Million in the Current Quarter.
ConAgra Foods announced that its board has initiated a stock buyback plan on Thursday, June 29th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 6.5% of its shares through open market purchases. Qs Limited Liability Company has 0.12% invested in Conagra Brands Inc (NYSE:CAG).
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stifel Nicolaus maintained Conagra Brands Inc (NYSE:CAG) on Monday, July 24 with "Hold" rating. This dividend represents a yeild of $2.46 which is the dividend as a percentage of the current share price. The stock has "Buy" rating by Jefferies on Thursday, July 6. This is a boost from ConAgra Foods's previous quarterly dividend of $0.20. ConAgra Foods's dividend payout ratio (DPR) is now 57.82%.
How Active Are Conagra Brands, Inc. It also upped Johnson & Johnson (Call) (NYSE:JNJ) stake by 2.00 million shares and now owns 2.25 million shares. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of USA and global trademark & copyright legislation. The correct version of this report can be read at https://www.truebluetribune.com/2017/08/25/conagra-foods-inc-cag-stake-increased-by-american-century-companies-inc.html.
The consensus recommendation, according to Zacks Investment research, is 2.35.
Conagra Brands, Inc. (CAG) shares are down -4.29% for the week and that has got investors and traders sitting up and taking note. J P Morgan Chase & Co reissued an "overweight" rating and set a $42.00 price objective (down previously from $44.00) on shares of ConAgra Foods in a research note on Wednesday, June 28th. Finally, Morgan Stanley reissued an "overweight" rating and set a $42.00 price objective (down previously from $43.00) on shares of ConAgra Foods in a research note on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The recent price momentum makes it one stock to watch in recent days. The company's a year ago sales total was 2.67 Million. Separately, Director BUTLER STEPHEN G Sell 5848 shares of the company at a price of $35.8 on 2017-07-03. The disclosure for this sale can be found here. Manufacturers Life Insurance Co The accumulated 422,444 shares or 0.02% of the stock.
Conagra Brands, Inc. (CAG) recorded volume accumulation so there will probably be a surplus of buyers at $33.07. The Company operates through two segments: Consumer Foods and Commercial Foods.
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