Conagra Foods Inc /de/ (CAG) Files Form 4 Insider Selling : Thomas M Mcgough Sells 60,000 Shares

Conagra Foods Inc /de/ (CAG): Thomas M Mcgough , President, Consumer Foods of Conagra Foods Inc /de/ sold 60,000 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $46.00 per share for a total value of $2,760,000.00.

Company has been under the radar of several Street Analysts.ConAgra Foods Inc is Reiterated by Jefferies to Buy and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $50 .The Rating was issued on Apr 8, 2016.ConAgra Foods Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $46 .The Rating was issued on Apr 4, 2016.ConAgra Foods Inc is Resumed by Goldman to Neutral and the brokerage firm has set the Price Target at $48. The Rating was issued on Feb 25, 2016.ConAgra Foods Inc is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 12, 2016.

Currently the company Insiders own 0.66% of ConAgra Foods Inc shares according to the proxy statements.Institutional Investors own 74.98% of ConAgra Foods Inc shares.

Shares of ConAgra Foods Inc (CAG) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -0.98% at $45.69 with 24,42,412 shares getting traded. Post opening the session at $46.14, the shares hit an intraday low of $45.655 and an intraday high of $46.32 and the price vacillated in this range throughout the day. The company has a market cap of $19,940 M and the number of outstanding shares has been calculated to be 43,64,14,920 shares. The 52-week high of ConAgra Foods Inc is $46.64 and the 52-week low is $35.98.

ConAgra Foods Inc Money Flow Index Chart

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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