ConAgra Foods Inc (CAG) : F&v Capital Management reduced its stake in ConAgra Foods Inc by 6.39% during the most recent quarter end. The investment management company now holds a total of 125,245 shares of ConAgra Foods Inc which is valued at $5,716,182 after selling 8,545 shares in ConAgra Foods Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.ConAgra Foods Inc makes up approximately 4.43% of F&v Capital Management’s portfolio.
ConAgra Foods Inc opened for trading at $45.6 and hit $45.75 on the upside on Monday, eventually ending the session at $45.65, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 25,22,453 shares. Company has a market cap of $19,922 M.
Other Hedge Funds, Including , Santa Fe Partners added CAG to its portfolio by purchasing 73,516 company shares during the most recent quarter which is valued at $3,355,270. ConAgra Foods Inc makes up approx 0.55% of Santa Fe Partners’s portfolio.Proficio Capital Partners reduced its stake in CAG by selling 30 shares or 48.39% in the most recent quarter. The Hedge Fund company now holds 32 shares of CAG which is valued at $1,462.Kistler-tiffany Companies reduced its stake in CAG by selling 109 shares or 9.83% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of CAG which is valued at $45,690. ConAgra Foods Inc makes up approx 0.03% of Kistler-tiffany Companies’s portfolio.
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.