Conagra Brands, Inc. (CAG) Increases Again; Strong Momentum for Buyers

Conagra Brands, Inc. (NYSE:CAG) Logo

Investors sentiment decreased to 1.11 in Q1 2019. Its down 0.26, from 1.37 in 2018Q4. It fall, as 77 investors sold Conagra Brands, Inc. shares while 163 reduced holdings. 94 funds opened positions while 172 raised stakes. 416.73 million shares or 5.15% more from 396.33 million shares in 2018Q4 were reported.
Reliance Tru Of Delaware reported 18,444 shares. Csat Invest Advisory Limited Partnership holds 0.02% or 1,176 shares in its portfolio. Jnba Advsrs stated it has 510 shares or 0% of all its holdings. Old Second Comml Bank Of Aurora invested in 0% or 450 shares. 90,497 are owned by British Columbia Management. Cypress Group has invested 0.29% in Conagra Brands, Inc. (NYSE:CAG). Icon Advisers Company reported 8,639 shares. Mutual Of America Cap Mgmt Lc stated it has 65,215 shares. Obermeyer Wood Counsel Lllp has invested 0.02% in Conagra Brands, Inc. (NYSE:CAG). Ancora Advisors Lc holds 9,000 shares. James Inv Research invested in 117 shares or 0% of the stock. Deprince Race And Zollo Inc has invested 0.65% in Conagra Brands, Inc. (NYSE:CAG). Pnc Financial Svcs Gru holds 0.01% or 201,819 shares in its portfolio. Prelude Mngmt Ltd Liability has 2,459 shares for 0% of their portfolio. Buckingham Cap Mngmt has invested 0.77% in Conagra Brands, Inc. (NYSE:CAG).

Since April 16, 2019, it had 3 buys, and 0 selling transactions for $1.02 million activity. On Friday, June 28 the insider OMTVEDT CRAIG P bought $668,250. Arora Anil bought $48,096 worth of Conagra Brands, Inc. (NYSE:CAG) on Tuesday, April 16.

The stock of Conagra Brands, Inc. (NYSE:CAG) is a huge mover today! The stock increased 2.67% or $0.75 during the last trading session, reaching $28.85. About 2.47M shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 20.93% since August 15, 2018 and is downtrending. It has underperformed by 20.93% the S&P500.
The move comes after 5 months positive chart setup for the $14.04B company. It was reported on Aug, 15 by We have $30.87 PT which if reached, will make NYSE:CAG worth $982.66M more.

Analysts await Conagra Brands, Inc. (NYSE:CAG) to report earnings on September, 26. They expect $0.40 earnings per share, down 14.89 % or $0.07 from last year’s $0.47 per share. CAG’s profit will be $194.63 million for 18.03 P/E if the $0.40 EPS becomes a reality. After $0.36 actual earnings per share reported by Conagra Brands, Inc. for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

Conagra Brands, Inc. (NYSE:CAG) Ratings Coverage

Among 6 analysts covering Conagra Brands Inc (NYSE:CAG), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Conagra Brands Inc has $44 highest and $30 lowest target. $33.14’s average target is 14.87% above currents $28.85 stock price. Conagra Brands Inc had 12 analyst reports since February 19, 2019 according to SRatingsIntel. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given on Friday, March 22 by Bank of America. Goldman Sachs maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, March 22 with “Buy” rating. J.P. Morgan maintained the shares of CAG in report on Friday, March 22 with “Buy” rating. Jefferies maintained Conagra Brands, Inc. (NYSE:CAG) on Thursday, March 21 with “Buy” rating. Credit Suisse maintained it with “Neutral” rating and $30 target in Thursday, April 11 report. The company was maintained on Tuesday, February 19 by Barclays Capital.

More notable recent Conagra Brands, Inc. (NYSE:CAG) news were published by: which released: “Conagra Brands Announces Quarterly Dividend Payment – PRNewswire” on July 17, 2019, also with their article: “NYSE: CAG Investor Notice: Lawsuit against Conagra Brands, Inc. announced by Shareholders Foundation – Yahoo Finance” published on April 29, 2019, published: “Interested In Conagra Brands, Inc. (NYSE:CAG)’s Upcoming 0.7% Dividend? You Have 4 Days Left – Yahoo Finance” on July 24, 2019. More interesting news about Conagra Brands, Inc. (NYSE:CAG) were released by: and their article: “ConAgra Brands +7% after strong outlook – Seeking Alpha” published on April 10, 2019 as well as‘s news article titled: “Why Conagra Brands, Inc. (NYSE:CAG) Is An Attractive Investment To Consider – Yahoo Finance” with publication date: August 11, 2019.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.04 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 18.91 P/E ratio. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Conagra Brands, Inc. (NYSE:CAG) Institutional Positions Chart

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