ConAgra Foods Inc (CAG) : F&v Capital Management reduced its stake in ConAgra Foods Inc by 2.12% during the most recent quarter end. The investment management company now holds a total of 122,595 shares of ConAgra Foods Inc which is valued at $5,921,339 after selling 2,650 shares in ConAgra Foods Inc , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.ConAgra Foods Inc makes up approximately 4.32% of F&v Capital Management’s portfolio.
Other Hedge Funds, Including , Dnb Asset Management As boosted its stake in CAG in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 45,571 shares of ConAgra Foods Inc which is valued at $2,201,079. ConAgra Foods Inc makes up approx 0.05% of Dnb Asset Management As’s portfolio.Raymond James Trust N.a. reduced its stake in CAG by selling 590 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 24,683 shares of CAG which is valued at $1,192,189. ConAgra Foods Inc makes up approx 0.10% of Raymond James Trust N.a.’s portfolio.Marshwinds Advisory Co reduced its stake in CAG by selling 450 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 24,819 shares of CAG which is valued at $1,198,758. ConAgra Foods Inc makes up approx 0.58% of Marshwinds Advisory Co’s portfolio.Curian Capital reduced its stake in CAG by selling 55,306 shares or 68.37% in the most recent quarter. The Hedge Fund company now holds 25,587 shares of CAG which is valued at $1,235,852. ConAgra Foods Inc makes up approx 0.09% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CAG by selling 310,551 shares or 58.62% in the most recent quarter. The Hedge Fund company now holds 219,211 shares of CAG which is valued at $10,587,891. ConAgra Foods Inc makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.
ConAgra Foods Inc opened for trading at $47.65 and hit $48.215 on the upside on Wednesday, eventually ending the session at $48.18, with a gain of 0.96% or 0.46 points. The heightened volatility saw the trading volume jump to 20,45,713 shares. Company has a market cap of $21,026 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.