Stock On the Run: ConAgra Foods, Inc. (CAG)

It improved, as 31 investors sold Equity Residential shares while 157 reduced holdings. The Davenport & Company Llc holds 52,451 shares with $2.07 billion value, down from 54,100 last quarter. Curbstone Financial Management Corp now owns 6,800 shares of the company’s stock worth $243,000 after acquiring an additional 100 shares during the last quarter. Advisors Asset Management Inc. now owns 2,987 shares of the company’s stock worth $120,000 after purchasing an additional 1,287 shares during the period. Nuveen Asset Mngmt Ltd Liability has invested 0.01% in Conagra Brands Inc (NYSE:CAG).

Investors sentiment decreased to 0.82 in 2017 Q2. Hedge funds and other institutional investors own 76.28% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Numeric Investors LLC Increases Stake in ConAgra Foods Inc”. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. & global trademark and copyright legislation.

Currently, the 14-day ADX for Conagra Brands Inc (CAG) is sitting at 25.03. Goldman Sachs Grp has 0.05% invested in Conagra Brands Inc (NYSE:CAG) for 5.68M shares. The company was initiated on Wednesday, December 16 by Jefferies. $42.44’s average target is 26.80% above currents $33.47 stock price. The NYSE listed company saw a recent bid of 33.235 and 3423175 shares have traded hands in the session.

First National Bank Of Mount Dora Trust Investment Services decreased Conagra Brands Inc (CAG) stake by 14.8% reported in 2017Q2 SEC filing. Its share price has decline -22.36% in three months and is down -3.63% for the last five trades. ConAgra Foods has $56 highest and $3300 lowest target. Its revenue totaled $1.86 billion down -6.18% from the previous quarter. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. The firm’s revenue was down 9.3% on a year-over-year basis. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Leavell Invest Mngmt invested in 0.07% or 16,206 shares.

Since April 27, 2017, it had 0 buys, and 4 sales for $2.98 million activity. The dividend will be $0.213 per share for the quarter which is $0.85 annualized. Ajo LP invested 0.48% in Conagra Brands Inc (NYSE:CAG).

ConAgra Foods announced that its Board of Directors has initiated a share repurchase plan on Thursday, June 29th that authorizes the company to repurchase $1.00 billion in outstanding shares.

In other ConAgra Foods news, Director Ruth Ann Marshall sold 6,046 shares of the company’s stock in a transaction dated Wednesday, July 12th. They now have a United States dollars 42 price target on the stock. It also reduced Stepan Company (NYSE:SCL) stake by 9,015 shares and now owns 97,307 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Zacks Investment Research upgraded shares of Conagra Brands from a “strong sell” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Tuesday, January 10th. The shares were sold at an average price of $40.61, for a total value of $245,528.06. The Minnesota-based Palisade Asset Management Ltd Liability Corporation has invested 0.17% in Conagra Brands Inc (NYSE:CAG).

CAG has been the subject of a number of recent research reports.

Taking a deeper look into the technical levels of Conagra Brands Inc (CAG), we can see that the Williams Percent Range or 14 day Williams %R now sits at -84.26.

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 7 have Buy rating, 2 Sell and 4 Hold. J P Morgan Chase & Co decreased their price target on ConAgra Foods from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, May 31st. Morgan Stanley cut their price target on ConAgra Foods from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday. Analysts expect CAG to grow earnings at a 11.63% annual rate over the next 5 years. They may also be used to assist the trader figure out proper support and resistance levels for the stock.

Leave a Reply

Your email address will not be published. Required fields are marked *