ConAgra Foods Inc (CAG) : Wbi Investments reduced its stake in ConAgra Foods Inc by 10.66% during the most recent quarter end. The investment management company now holds a total of 1,318,475 shares of ConAgra Foods Inc which is valued at $60.5 Million after selling 157,241 shares in ConAgra Foods Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.ConAgra Foods Inc makes up approximately 2.61% of Wbi Investments’s portfolio.
Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in CAG by selling 3,420 shares or 17.18% in the most recent quarter. The Hedge Fund company now holds 16,492 shares of CAG which is valued at $756,653. ConAgra Foods Inc makes up approx 0.03% of Mufg Americas Holdings Corp’s portfolio.Global X Management Co boosted its stake in CAG in the latest quarter, The investment management firm added 3,175 additional shares and now holds a total of 4,648 shares of ConAgra Foods Inc which is valued at $209,114. ConAgra Foods Inc makes up approx 0.01% of Global X Management Co’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in CAG in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 13,360 shares of ConAgra Foods Inc which is valued at $601,066. ConAgra Foods Inc makes up approx 0.04% of Municipal Employees’ Retirement System Of Michigan’s portfolio.
ConAgra Foods Inc closed down -0.18 points or -0.39% at $45.7 with 20,97,604 shares getting traded on Monday. Post opening the session at $45.88, the shares hit an intraday low of $45.58 and an intraday high of $45.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.