Institutional investors and hedge funds own 76.28% of the company's stock. (CAG) is getting weaker by the somewhat negative sentiment (2.20 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Alpha Windward LLC now owns 2,838 shares of the company's stock worth $134,000 after buying an additional 61 shares during the period. Neuberger Berman Group LLC raised its position in shares of ConAgra Foods by 22.0% in the third quarter. Janney Montgomery Scott LLC now owns 197,616 shares of the company's stock worth $9,448,000 after buying an additional 100,608 shares during the last quarter.
Ratan Capital Management LP lowered its position in ConAgra Foods Inc. Fort Pitt Capital Group LLC acquired a new stake in shares of ConAgra Foods during the fourth quarter worth $202,000. Finally, Janney Montgomery Scott LLC boosted its position in ConAgra Foods by 103.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 6,053,295 shares of the company's stock worth $289,408,000 after buying an additional 296,389 shares during the last quarter.
ConAgra Foods, Inc. has 1 year price target of $41.69. Conagra Brands, Inc. stock trades in the range of $40.90 to $41.39 before the earnings release. CAG SVP, Corporate Controller Wise Robert G also sold 17,245 shares, at a stock price of $48.19.
Currently, the company has SMA200 (200-day simple moving average) of 12.19 Percent.
The Stock now has the market capitalization of $18.04 Billion, P/E (price to earnings ttm) of 40.6 and Weekly volatility of 1.15% and monthly volatility of 1.24% respectively.
ConAgra Foods (NYSE:CAG) opened at 39.55 on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.09 billion for the quarter. ConAgra Foods had a return on equity of 26.89% and a net margin of 6.00%. During the same quarter in the prior year, the company earned $0.58 EPS. On average, analysts anticipate that ConAgra Foods will post $1.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Monday, January 30th were given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, January 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.94%. ConAgra Foods's dividend payout ratio is presently 55.94%. Deutsche Bank AG started coverage on shares of ConAgra Foods in a report on Wednesday, February 15th. They set a "buy" rating and a $46.00 price target for the company. RBC Capital Markets restated an "outperform" rating and set a $42.00 price objective on shares of ConAgra Foods in a research report on Friday, December 23rd. Finally, J P Morgan Chase & Co reiterated an "overweight" rating and set a $55.00 price target on shares of ConAgra Foods in a report on Wednesday, November 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The average twelve-month price target among brokers that have updated their coverage on the stock in the a year ago is $48.40.
In other news, Director Joie A. Gregor sold 3,300 shares of the firm's stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $39.01, for a total value of $128,733.00. The SEC filing shows that Wise Robert G performed a sale of 15,708 shares. Corporate insiders own 0.58% of the company's stock.
At the end of 12/31/2016 reporting period, 333 institutional holders increased their position in Conagra Brands, Inc. The Company operates through two segments: Consumer Foods and Commercial Foods.