Published: Thu, February 15, 2018
Business | By Tara Barton

Stocks Gaining Momentum: Conagra Brands, Inc. (NYSE:CAG)


Croft-Leominster Inc increased its stake in Concho Res Inc (CXO) by 56.82% based on its latest 2017Q3 regulatory filing with the SEC.

ConAgra Foods, Inc. was covered by a number of analysts recently, 5 rated the stock as Buy, 4 rated Hold, 0 rated sell and 0 gave an Underperform. Insiders have sold 154,121 shares of company stock valued at $5,793,780 in the last ninety days.

10 analysts on average are expecting ConAgra Foods, Inc.to report earnings of $0.5 per share for the current quarter. It has underperformed by 3.17% the S&P500. This is a positive change from Conagra Brands's previous quarterly dividend of $0.21.

Gideon Capital Advisors Inc increased its stake in Conagra Brands Inc (CAG) by 130.99% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 10,650 shares as the company's stock declined 4.77% while stock markets rallied. The hedge fund run by Ray Carroll held 6,880 shares of the consumer non-durables company at the end of 2017Q3, valued at $232,000, down from 33,523 at the end of the previous reported quarter. Shares moved up 0.20% to trade at $35.54 in recent trading session.

Conagra Brands, Inc. (CAG) stock price recorded a distance from twenty day simple moving average slumped at -3.90% while its distance from fifty day simple moving average declined -4.74% along with -0.82% below distance comparing to two hundred simple moving averages.

Swiss National Bank trimmed its holdings in shares of Conagra Brands Inc (NYSE:CAG) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. It has underperformed by 8.31% the S&P500. Tracking most recent quarter period, Price to book (P/B) ration is at 1.45 and Price to cash per share ration is at 1.91. It also increased its holding in Bayer Ag (BAYRY) by 18,583 shares in the quarter, for a total of 24,856 shares, and has risen its stake in Medtronic Plc (NYSE:MDT). Jefferies Group also issued estimates for Conagra Brands' Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.93 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $2.12 EPS, Q1 2020 earnings at $0.54 EPS, Q2 2020 earnings at $0.65 EPS and FY2020 earnings at $2.28 EPS. Its down 0.04, from 1.03 in 2017Q2. It is positive, as 53 investors sold CAG shares while 197 reduced holdings.

Conagra Brands (NYSE CAG) opened at $35.54 on Tuesday. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. Suntrust Banks Inc reported 254,590 shares. Guyasuta Inv Advsr invested in 7,050 shares or 0.03% of the stock.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, December 21st.

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/15/conagra-brands-inc-cag-shares-bought-by-resources-investment-advisors-inc-updated-updated.html.

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Conagra Brands, Inc. (NYSE:CAG) current ratio calculated as 1.10, this value is acceptable if it lies in 1.3% to 3%. (NYSE:CXO) for 4.86 million shares. Zacks Investment Research upgraded shares of Conagra Brands from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Wednesday, November 22nd. (NYSE:CXO), 16 have Buy rating, 0 Sell and 11 Hold.

Now we move forward to see the historical returns of Conagra Brands, Inc. which is United States of America based stock. On the other side it is not a negative indicator for Investor portfolio value when the price of a stock Investor owns moves down in value. Rampart Mgmt Co Limited Liability holds 5,124 shares or 0.06% of its portfolio. Palisade Asset Mngmt Limited Liability Com has 0.24% invested in Conagra Brands, Inc. (NYSE:CAG). Integral Derivatives Llc accumulated 0% or 7,829 shares. Bb&T Secs Ltd owns 0.01% invested in Conagra Brands, Inc.

Return on Investment measures the amount of return on an investment relative to the investment's cost. Caxton Limited Partnership holds 16,300 shares or 0.02% of its portfolio. Glg has 0.02% invested in Conagra Brands, Inc. Current volume in a stock, relative to prior volume, shows if interest is higher or lower in a stock than it was before.

Several equities research analysts recently weighed in on the stock.

Analysts on average have given a price target of $42.21 to ConAgra Foods, Inc. UBS upgraded Conagra Brands, Inc. (NYSE:CAG) rating on Tuesday, November 7. The stock has "Hold" rating by Oppenheimer on Monday, June 12. The firm has "Buy" rating by Jefferies given on Friday, July 28. (NYSE:CXO) has "Buy" rating given on Thursday, January 4 by Bank of America. Conagra Brands has a twelve month low of $32.16 and a twelve month high of $41.68. According to Wilder, any number above 70 should be considered overbought and any number below 30 should be considered oversold. (NYSE:CAG) for 62,688 shares. The stock of Conagra Brands, Inc.

Since January 2, 2018, it had 0 insider buys, and 1 insider sale for $603,480 activity. The firm has "Hold" rating given on Friday, September 23 by Deutsche Bank. As per Tuesday, July 26, the company rating was maintained by Bernstein.

Since October 13, 2017, it had 0 insider purchases, and 2 selling transactions for $5.47 million activity. Bnp Paribas Arbitrage owns 9.40M shares.

Investors sentiment decreased to 1.01 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It worsened, as 58 investors sold DHR shares while 367 reduced holdings. 30 funds opened positions while 147 raised stakes. 511.08 million shares or 0.43% more from 508.92 million shares in 2017Q2 were reported. Tributary Cap Ltd Liability Corp has invested 0.12% in Concho Resources Inc. 16,861 are held by Mai Cap Mngmt. 14,014 were reported by Redmond Asset Management Ltd Liability. Nikko Asset Americas holds 0.64% or 98,800 shares in its portfolio. Hartford Mgmt stated it has 137,503 shares or 0.22% of all its holdings. Ramsay Stattman Vela And Price holds 83,833 shares. Shell Asset Mgmt Co reported 103,390 shares. New England Research & Management holds 0.19% or 3,050 shares in its portfolio. Heritage Invsts Management accumulated 16,392 shares. 21,923 were reported by Cue Fin Grp. (NYSE:CAG). Zweig accumulated 0.05% or 15,300 shares. Cap Counsel Llc Ny invested in 0.36% or 47,258 shares. Also, SVP Robert G. Wise sold 23,170 shares of the firm's stock in a transaction that occurred on Thursday, January 4th. General Electric Company had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained it with "Neutral" rating and $50 target in Friday, April 8 report. Morgan Stanley maintained Danaher Corporation (NYSE:DHR) on Friday, October 20 with "Overweight" rating. On Monday, April 18 the stock rating was maintained by Barclays Capital with "Overweight". The firm earned "Hold" rating on Thursday, August 31 by Stifel Nicolaus. The firm has "Buy" rating by BMO Capital Markets given on Wednesday, June 21.

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