First National Bank Of Mount Dora Trust Investment Services buys $2 Million stake in ConAgra Foods Inc (CAG)

ConAgra Foods Inc (CAG) : First National Bank Of Mount Dora Trust Investment Services scooped up 2,750 additional shares in ConAgra Foods Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 44,606 shares of ConAgra Foods Inc which is valued at $2 Million.ConAgra Foods Inc makes up approximately 1.21% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Other Hedge Funds, Including ,

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 closed down -0.45 points or -0.98% at $45.69 with 24,42,412 shares getting traded on Monday. 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 fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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