Conagra Brands INC (CAG) Shareholder Sasco Capital INC Has Cut Its Position by $5.45 Million as Market Valuation Declined

September 17, 2017 - By Louis Casey

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.10, from 0.97 in 2016Q3. It is positive, as 57 investors sold CAG 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. Roosevelt Inv Grp reported 632,860 shares. Adage Capital Partners Group Ltd Liability Corporation has invested 0.42% in Conagra Brands Inc (NYSE:CAG). Schnieders Mngmt Ltd Llc holds 0.22% in Conagra Brands Inc (NYSE:CAG) or 11,050 shares. Albion Fin Grp Ut holds 11,560 shares. Blackrock Japan Limited, a Japan-based fund reported 562,680 shares. Bogle Inv Mngmt Lp De stated it has 43,746 shares or 0.12% of all its holdings. Vident Investment Advisory Limited reported 0.06% of its portfolio in Conagra Brands Inc (NYSE:CAG). Geode Capital Management Llc reported 3.80M shares. Gam Ag holds 23,636 shares or 0.02% of its portfolio. Connecticut-based Mark Sheptoff Planning Ltd has invested 1.11% in Conagra Brands Inc (NYSE:CAG). Trust Of Vermont invested 0.02% of its portfolio in Conagra Brands Inc (NYSE:CAG). Levin Cap Strategies Lp owns 0% invested in Conagra Brands Inc (NYSE:CAG) for 6,217 shares. First Financial Bank Of Mount Dora Tru Investment Svcs holds 51,046 shares or 1.19% of its portfolio. 11.32M are owned by Blackrock Institutional Tru Company Na. Keating Investment Counselors reported 7,600 shares or 0.14% of all its holdings.

Since March 29, 2017, it had 0 buys, and 1 sale for $245,528 activity. MARSHALL RUTH ANN sold $245,528 worth of Conagra Brands Inc (NYSE:CAG) on Wednesday, March 29.

Sasco Capital Inc decreased its stake in Conagra Brands Inc. (CAG) by 2.86% based on its latest 2016Q4 regulatory filing with the SEC. Sasco Capital Inc sold 139,840 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 4.74 million shares of the consumer non-durables company at the end of 2016Q4, valued at $187.60 million, down from 4.88 million at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Conagra Brands Inc. for a number of months, seems to be less bullish one the $14.55 billion market cap company. The stock increased 1.54% or $0.53 on September 15, reaching $35.01. About 4.88M 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.

Sasco Capital Inc, which manages about $6.25B and $3.99 billion US Long portfolio, upped its stake in Sealed Air Corp (NYSE:SEE) by 868,140 shares to 2.52M shares, valued at $114.07 million in 2016Q4, according to the filing.

Analysts await Conagra Brands Inc (NYSE:CAG) to report earnings on October, 5. They expect $0.40 EPS, down 34.43 % or $0.21 from last year’s $0.61 per share. CAG’s profit will be $166.24 million for 21.88 P/E if the $0.40 EPS becomes a reality. After $0.37 actual EPS reported by Conagra Brands Inc for the previous quarter, Wall Street now forecasts 8.11 % EPS growth.

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.

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 has $56 highest and $3300 lowest target. $42.89’s average target is 22.51% above currents $35.01 stock price. ConAgra Foods had 36 analyst reports since September 16, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America on Friday, February 12 to “Buy”. Stifel Nicolaus maintained the shares of CAG in report on Monday, July 24 with “Hold” rating. The rating was initiated by Deutsche Bank with “Buy” on Wednesday, February 15. Jefferies maintained Conagra Brands Inc (NYSE:CAG) on Friday, June 16 with “Buy” rating. Jefferies maintained it with “Buy” rating and $4600 target in Friday, July 14 report. RBC Capital Markets maintained Conagra Brands Inc (NYSE:CAG) on Friday, July 1 with “Sector Perform” rating. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, September 23. Jefferies maintained Conagra Brands Inc (NYSE:CAG) rating on Friday, July 28. Jefferies has “Buy” rating and $4000 target. RBC Capital Markets upgraded the shares of CAG in report on Friday, October 14 to “Outperform” rating. The firm has “Buy” rating given on Wednesday, August 30 by Jefferies.

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