Ubs Oconnor buys $96 Million stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : Ubs Oconnor scooped up 162,414 additional shares in ConAgra Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,092,261 shares of ConAgra Foods Inc which is valued at $96 Million.ConAgra Foods Inc makes up approximately 2.39% of Ubs Oconnor’s portfolio.

Other Hedge Funds, Including , Roosevelt Investment Group Inc reduced its stake in CAG by selling 111,057 shares or 15.57% in the most recent quarter. The Hedge Fund company now holds 601,998 shares of CAG which is valued at $27.6 Million. ConAgra Foods Inc makes up approx 2.46% of Roosevelt Investment Group Inc’s portfolio. Allegis Investment Advisors sold out all of its stake in CAG during the most recent quarter. The investment firm sold 1,016 shares of CAG which is valued $46,614.Dixon Hubard Feinour Brown Incva boosted its stake in CAG in the latest quarter, The investment management firm added 5,975 additional shares and now holds a total of 35,950 shares of ConAgra Foods Inc which is valued at $1.6 Million. ConAgra Foods Inc makes up approx 0.54% of Dixon Hubard Feinour Brown Incva’s portfolio.Compass Capital Management Inc reduced its stake in CAG by selling 9,780 shares or 16.98% in the most recent quarter. The Hedge Fund company now holds 47,830 shares of CAG which is valued at $2.2 Million. ConAgra Foods Inc makes up approx 0.43% of Compass Capital Management Inc’s portfolio.Scout Investments reduced its stake in CAG by selling 16,240 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 861,198 shares of CAG which is valued at $38.7 Million. ConAgra Foods Inc makes up approx 1.06% of Scout Investments’s portfolio.

ConAgra Foods Inc opened for trading at $44.55 and hit $44.845 on the upside on Wednesday, eventually ending the session at $44.72, with a gain of 0.29% or 0.13 points. The heightened volatility saw the trading volume jump to 15,20,121 shares. Company has a market cap of $19,516 M.

On the company’s financial health, ConAgra Foods Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 7, 2016. Analyst had a consensus of $0.58. The company had revenue of $2924.00 million for the quarter, compared to analysts expectations of $2857.41 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on ConAgra Foods Inc. Company shares were Reiterated by Jefferies on Apr 8, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Apr 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .Goldman Resumed ConAgra Foods Inc on Feb 25, 2016 to “Neutral”, Price Target of the shares are set at $48.

ConAgra Foods Inc. operates as a packaged food company. The Company offers branded and private branded food to households as well as commercial foods which serves various restaurants and foodservice operations. The Company operates in three segments: Consumer Foods Commercial Foods and Private Brands. Its brands include Banquet Chef Boyardee Egg Beaters Healthy Choice Hebrew National Hunt’s Marie Callender’s Orville Redenbacher’s PAM Peter Pan Reddi-wip Slim Jim and Snack Pack among others. The Company sells its products under private brand labels in grocery convenience mass merchandise club and drug stores. Additionally ConAgra Foods supplies frozen potato and sweet potato products as well as other vegetable spice bakery and grain products to restaurants commercial and foodservice customers. It has international manufacturing facilities in Argentina Mexico and interests in ownership of international manufacturing facilities in India and Mexico.

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