Financial Advisory Service buys $575,029 stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : Financial Advisory Service scooped up 1,033 additional shares in ConAgra Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 12,460 shares of ConAgra Foods Inc which is valued at $575,029.ConAgra Foods Inc makes up approximately 0.21% of Financial Advisory Service’s portfolio.

Other Hedge Funds, Including , Secor Capital Advisors Lp added CAG to its portfolio by purchasing 11,542 company shares during the most recent quarter which is valued at $532,663. ConAgra Foods Inc makes up approx 0.07% of Secor Capital Advisors Lp’s portfolio.Symons Capital Management Inc boosted its stake in CAG in the latest quarter, The investment management firm added 835 additional shares and now holds a total of 441,798 shares of ConAgra Foods Inc which is valued at $20,459,665. ConAgra Foods Inc makes up approx 4.76% of Symons Capital Management Inc’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in CAG in the latest quarter, The investment management firm added 7,272 additional shares and now holds a total of 120,709 shares of ConAgra Foods Inc which is valued at $5,666,080. ConAgra Foods Inc makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio. K.j. Harrison Partners Inc added CAG to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $919,600. ConAgra Foods Inc makes up approx 0.48% of K.j. Harrison Partners Inc’s portfolio.

ConAgra Foods Inc opened for trading at $45.78 and hit $46.32 on the upside on Wednesday, eventually ending the session at $46.31, with a gain of 1.11% or 0.51 points. The heightened volatility saw the trading volume jump to 33,65,364 shares. Company has a market cap of $20,317 M.

On the company’s financial health, ConAgra Foods Inc reported $0.52 EPS for the quarter, based on the information available during the earnings call on Jun 30, 2016. Analyst had a consensus estimate of $0.52. The company had revenue of $2827.50 million for the quarter, compared to analysts expectations of $2894.77 million. The company’s revenue was down -9.5 % 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 RBC Capital Mkts on Jul 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $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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