Conagra Brands Inc (CAG) EPS Estimated At $0.40

September 17, 2017 - By Migdalia James

 Conagra Brands Inc (CAG) EPS Estimated At $0.40
Investors sentiment increased to 1.07 in Q4 2016. Its up 0.10, from 0.97 in 2016Q3. It is positive, as 57 investors sold Conagra Brands Inc shares while 203 reduced holdings. 63 funds opened positions while 214 raised stakes. 322.35 million shares or 0.59% more from 320.45 million shares in 2016Q3 were reported.
Bp Public Ltd Com has invested 0.08% in Conagra Brands Inc (NYSE:CAG). Gamco Inc Et Al holds 0.23% of its portfolio in Conagra Brands Inc (NYSE:CAG) for 911,878 shares. Stephens Ar accumulated 0.02% or 15,493 shares. Raymond James & Assoc holds 154,088 shares or 0.02% of its portfolio. Lvw Advisors Ltd Liability Corp accumulated 7,300 shares or 0.1% of the stock. Scotia Cap has 0.03% invested in Conagra Brands Inc (NYSE:CAG). Ridgeworth Cap Management invested 0.68% of its portfolio in Conagra Brands Inc (NYSE:CAG). Allen Lc holds 0.03% or 9,692 shares. Wells Fargo And Mn has invested 0.08% in Conagra Brands Inc (NYSE:CAG). Bogle Mngmt L P De holds 0.12% of its portfolio in Conagra Brands Inc (NYSE:CAG) for 43,746 shares. Jennison Associates Ltd Liability Company holds 3.78M shares. Banque Pictet & Cie Sa accumulated 0.03% or 27,000 shares. Webster Bank N A has invested 0.01% in Conagra Brands Inc (NYSE:CAG). The Missouri-based Parkside Bancorp & has invested 0% in Conagra Brands Inc (NYSE:CAG). Ameritas Inv Ptnrs owns 10,964 shares.

Since March 29, 2017, it had 0 insider buys, and 1 sale for $245,528 activity. MARSHALL RUTH ANN had sold 6,046 shares worth $245,528.

Wall Street await Conagra Brands Inc (NYSE:CAG) to release earnings on October, 5. Analysts forecast earnings per share of $0.40, down exactly $0.21 or 34.43 % from 2014’s $0.61 EPS. The expected CAG’s profit could reach $166.24M giving the stock 21.88 P/E in the case that $0.40 earnings per share is reported. After posting $0.37 EPS for the previous quarter, Conagra Brands Inc’s analysts now forecast 8.11 % EPS growth. The stock increased 1.54% or $0.53 on September 15, reaching $35.01. About 4.88 million shares traded or 34.07% up from the average. Conagra Brands Inc (NYSE:CAG) has risen 8.39% since September 17, 2016 and is uptrending. It has underperformed by 8.31% the S&P500.

Conagra Brands Inc (NYSE:CAG) Ratings Coverage

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 54% are positive. ConAgra Foods had 36 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of Conagra Brands Inc (NYSE:CAG) has “Overweight” rating given on Wednesday, September 23 by JP Morgan. The stock has “Hold” rating by Stifel Nicolaus on Monday, July 24. The stock has “Underperform” rating by Bernstein on Tuesday, March 21. The firm has “Buy” rating by RBC Capital Markets given on Monday, June 26. The stock of Conagra Brands Inc (NYSE:CAG) earned “Buy” rating by Jefferies on Wednesday, December 16. The stock has “Buy” rating by Morgan Stanley on Friday, June 23. The rating was upgraded by Bank of America on Friday, February 12 to “Buy”. Deutsche Bank initiated it with “Buy” rating and $46 target in Wednesday, February 15 report. The stock has “Buy” rating by Jefferies on Friday, June 16. Jefferies maintained it with “Buy” rating and $56 target in Wednesday, July 27 report.

Conagra Brands, Inc., formerly ConAgra Foods, Inc., operates as a packaged food company. The company has market cap of $14.55 billion. The Firm operates through two divisions: Consumer Foods and Commercial Foods. It has a 28.37 P/E ratio. The Firm sells branded and customized food products, as well as commercially branded foods.

More news for Conagra Brands Inc (NYSE:CAG) were recently published by: Prnewswire.com, which released: “Comfort Takes On A Contemporary Twist In New DELIGHTS From Marie Callender’s …” on September 12, 2017. Prnewswire.com‘s article titled: “Conagra Brands Announces Details Of 2017 Barclays Global Consumer Staples …” and published on August 22, 2017 is yet another important article.

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