(CAG) Shares now down at $33.79 Conagra Brands Announces Quarterly…

Alain Brian
Juillet 21, 2017

Utah Retirement owns 0.08% invested in Conagra Brands Inc (NYSE:CAG) for 79,755 shares. (NYSE:CAG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. There are brokerage firms with lower targets than the average, including one setting a price target of $38.

Is Conagra Brands, Inc.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CAG. ConAgra Foods's revenue was down 9.3% on a year-over-year basis. Advisors Asset Management Inc. now owns 2,987 shares of the company's stock worth $120,000 after buying an additional 1,287 shares during the last quarter. Whittier Trust Co. of Nevada Inc. now owns 3,833 shares of the company's stock valued at $137,000 after buying an additional 1,333 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in ConAgra Foods during the first quarter worth about $110,000. Raymond James Trust N.A. now owns 36,418 shares of the company's stock worth $1,469,000 after buying an additional 3,829 shares during the period. Alpha Windward LLC raised its stake in shares of ConAgra Foods by 5.8% in the second quarter. North Star Investment Management Corp. now owns 4,130 shares of the company's stock valued at $148,000 after buying an additional 2,602 shares during the period. Comparatively, Kellogg Company has a beta of 0.5, suggesting that its stock price is 50% less volatile than the S&P 500.

The stock Hit its 1-year high of $41.68 on 03/01/17 and its 1-year low price of $32.93 on 07/11/17. Conagra Brands, Inc. (NYSE:CAG) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The company's stock had a trading volume of 2,609,255 shares.

ConAgra Foods, Inc. (CAG) has the market capitalization of $14.38 Billion.

ConAgra Foods (NYSE:CAG) last announced its quarterly earnings results on Thursday, June 29th. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. Revenue for the quarter also killed consensus, coming in at $1.86 Billion, compared to the consensus of 1.86 Billion. ConAgra Foods had a net margin of 7.43% and a return on equity of 20.29%.

Diluted EPS for trailing twelve months is 1.48 and Quarterly Earnings Growth year over year is 28.7 Percent. On average, analysts anticipate that ConAgra Foods Inc. will post $1.86 EPS for the current fiscal year. Stockholders of record on Monday, July 31st will be given a dividend of $0.2125 per share.

ConAgra Foods pays an annual dividend of $0.80 per share and has a dividend yield of 2.4%. Dimensional Fund Advisors LP raised its position in ConAgra Foods by 3.7% in the fourth quarter.

06/23/2017 - ConAgra Foods, Inc. had its " rating reiterated by analysts at Bank of America Merrill Lynch.

ConAgra Foods declared that its board has approved a share repurchase program on Thursday, June 29th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued. Finally, Advisory Services Network LLC acquired a new stake in ConAgra Foods during the first quarter worth about $181,000. (NYSE:CAG) remains a cheap stock. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright legislation.

A number of research firms have issued reports on CAG. BidaskClub lowered ConAgra Foods from a "sell" rating to a "strong sell" rating in a research note on Wednesday, July 5th. Royal Bank Of Canada lifted their target price on ConAgra Foods from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, March 24th. Zacks Investment Research upgraded ConAgra Foods from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd.

06/14/2017 - ConAgra Foods, Inc. had its " rating reiterated by analysts at Jefferies. More interesting news about Conagra Brands Inc (NYSE:CAG) were released by: Nasdaq.com and their article: "What to Expect from Conagra Brands (CAG) in Q4 Earnings?" published on June 27, 2017 as well as Seekingalpha.com's news article titled: "ConAgra - Fully Valued Packaged Food Transition Play" with publication date: July 03, 2017. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover EQT having a buy-equivalent rating. RBC Capital Markets maintained the shares of CAG in report on Monday, June 26 with "Buy" rating. Shamrock Asset Management Limited Liability Company holds 0% or 300 shares in its portfolio. The stock was sold at an average price of $33.22, for a total transaction of $200,848.12. We will contrast the two companies based on the strength of their dividends, profitabiliy, risk, valuation, institutional ownership, analyst recommendations and earnings. The transaction was disclosed in a document filed with the SEC, which is available through this link. The disclosure for this sale can be found here.

According to Yahoo Finance, The Dividend Date for Conagra Brands Inc is May 30, 2017 and its Ex-Dividend Date is April 26, 2017. The hedge fund run by Robert I. Usdan held 40,000 shares of the consumer non-durables company at the end of 2016Q4, valued at $1.58M, up from 15,000 at the end of the previous reported quarter.

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