Published: Sat, January 13, 2018
Business | By Tara Barton

Conagra Brands Inc. (CAG) Expected to Announce Earnings of $0.52 Per Share


Stevens Capital Management Lp who had been investing in Conagra Brands Inc for a number of months, seems to be less bullish one the $15.05B market cap company. The stock decreased 0.80% or $0.3 during the last trading session, reaching $37.14. About 585,019 shares traded. (NASDAQ:GRIF) has risen 20.48% since January 12, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Alpine Woods Capital Investors Llc increased Conagra Foods Inc (CAG) stake by 70% reported in 2017Q3 SEC filing. The institutional investor held 300 shares of the consumer non-durables company at the end of 2017Q3, valued at $10,000, down from 24,744 at the end of the previous reported quarter.

The management of the company has seen, a return of investment of 9.60% and return on assets of 6.90%. The stock increased 0.98% or $1.72 during the last trading session, reaching $177. 1,934,900 shares of the company traded hands, compared to its average volume of 2,968,867. It has outperformed by 10.89% the S&P500.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. Its up 0.07, from 1.27 in 2017Q2. It increased, as 53 investors sold CAG shares while 197 reduced holdings. Given that its average daily volume over the 30 days has been 5.5 million shares a day, this signifies a pretty significant change over the norm. Montana-based Da Davidson And has invested 0.07% in Conagra Brands, Inc. (NYSE:CAG). Cypress Capital Grp holds 105,223 shares. Insiders own 0.79% of the company's stock. Lpl Fincl Lc reported 0.01% of its portfolio in Conagra Brands, Inc. Oakworth holds 0% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 21,435 shares. New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.02% in Conagra Brands, Inc. (NYSE:CAG) for 659,461 shares. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. Mountain Pacific Inv Advisers Id holds 0.05% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 13,755 shares. First Midwest Comml Bank Division, Illinois-based fund reported 7,026 shares. Capital Guardian has invested 0% in Conagra Brands, Inc.

Since October 13, 2017, it had 0 insider buys, and 2 insider sales for $5.47 million activity. Pacad Investment Ltd sold 5,267 shares as the company's stock rose 8.37% with the market. Following the completion of the transaction, the executive vice president now directly owns 211,514 shares of the company's stock, valued at $7,931,775.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Morgan Stanley dropped their target price on Conagra Brands from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, September 25th. (NYSE:CAG) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. Topeka Capital Markets has "Buy" rating and $90 target. Stifel Nicolaus maintained Conagra Brands, Inc. (NYSE:CAG) rating on Thursday, August 31. UBS upgraded it to "Hold" rating and $37.0 target in Tuesday, December 12 report. Zacks' earnings per share averages are an average based on a survey of analysts that cover Conagra Brands. The rating was maintained by Credit Suisse with "Neutral" on Friday, December 23. The firm has "Buy" rating given on Friday, July 28 by Jefferies. The firm has "Buy" rating given on Wednesday, December 16 by Jefferies. ConAgra Foods makes up about 1.4% of Smith Asset Management Group LP's investment portfolio, making the stock its 22nd largest position. The firm is expected to announce its next earnings report before the market opens on Thursday, December 21st. As per Friday, September 29, the company rating was maintained by RBC Capital Markets. The stock has "Neutral" rating by Credit Suisse on Monday, October 31.

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Investors sentiment increased to 0.99 in 2017 Q3. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.51. 57 funds opened positions while 158 raised stakes. Serv Automobile Association reported 218,710 shares or 0.02% of all its holdings. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Country Club Trust Na has invested 0.45% in KLA-Tencor Corporation (NASDAQ:KLAC). Inverness Counsel Llc holds 108,630 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 107,352 shares. Manufacturers Life Insur The owns 468,114 shares for 0.02% of their portfolio. Twin Tree Mgmt Lp invested in 0.01% or 19,842 shares. Carroll Finance Assoc holds 0% or 202 shares in its portfolio. Renaissance Tech Lc owns 0% invested in ZAGG Inc (NASDAQ:ZAGG) for 110,500 shares. Clarivest Asset Mngmt invested in 91,900 shares. (NASDAQ:AAPL). Jnba Financial stated it has 0.29% in Apple Inc. (NASDAQ:AAPL). Cim Limited Liability Corp holds 4.74% of its portfolio in Apple Inc.

Analysts await CONMED Corporation (NASDAQ:CNMD) to report earnings on February, 7. Conagra Brands's revenue for the quarter was up 4.1% compared to the same quarter past year. CNMD's profit will be $18.16M for 21.60 P/E if the $0.65 EPS becomes a reality. Sales growth quarter over quarter is 4.10%, with EPS growth quarter over quarter coming to a value of 117.70%.

Since August 14, 2017, it had 1 buying transaction, and 1 sale for $142,004 activity. (NYSE:ABBV) shares were sold by GONZALEZ RICHARD A. The insider Michael Robert A. sold 6,699 shares worth $589,512. $361,460 worth of stock was sold by Cullman Susan on Thursday, October 26. It improved, as 13 investors sold ZAGG shares while 35 reduced holdings.

Riverhead Capital Management Llc decreased Intel Corp (NASDAQ:INTC) stake by 8,523 shares to 125,988 valued at $4.80 million in 2017Q3. 310.77 million shares or 1.88% less from 316.73 million shares in 2017Q2 were reported.

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