Conagra Brands Incorporated (NYSE:CAG) Short Interest Increased By 2.37%

September 17, 2017 - By Richard Conner

 Conagra Brands Incorporated (NYSE:CAG) Short Interest Increased By 2.37%

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.10, from 0.97 in 2016Q3. It improved, 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.
Chicago Equity Limited Liability invested in 12,900 shares or 0.01% of the stock. Commonwealth Fincl Bank Of Aus invested in 2,164 shares or 0% of the stock. Contravisory Investment Mngmt Inc reported 1,306 shares. Hsbc Hldg Public Ltd Liability Corporation has invested 0.07% in Conagra Brands Inc (NYSE:CAG). Wellington Shields Cap Management Ltd Limited Liability Company invested in 0.72% or 109,530 shares. Two Sigma Securities Ltd Company invested in 0.09% or 6,918 shares. Bluecrest Limited has 0.05% invested in Conagra Brands Inc (NYSE:CAG) for 22,898 shares. Tdam Usa Inc stated it has 0.01% in Conagra Brands Inc (NYSE:CAG). Sii Wi has invested 0.03% of its portfolio in Conagra Brands Inc (NYSE:CAG). Jana Lc reported 17.79M shares or 12.34% of all its holdings. Clinton stated it has 0.43% in Conagra Brands Inc (NYSE:CAG). Virtus Advisers holds 0.07% or 21,317 shares in its portfolio. Moreover, Dnb Asset Management As has 0% invested in Conagra Brands Inc (NYSE:CAG). Naples Advisors Limited Company, Florida-based fund reported 31,033 shares. Liberty Capital Mngmt invested 0.02% in Conagra Brands Inc (NYSE:CAG).

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

The stock of Conagra Brands Incorporated (NYSE:CAG) registered an increase of 2.37% in short interest. CAG’s total short interest was 12.74M shares in September as published by FINRA. Its up 2.37% from 12.44M shares, reported previously. With 3.79M shares average volume, it will take short sellers 3 days to cover their CAG’s short positions.

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., 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.

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. RBC Capital Markets maintained Conagra Brands Inc (NYSE:CAG) on Monday, June 26 with “Buy” rating. The firm earned “Underperform” rating on Tuesday, March 21 by Bernstein. The stock of Conagra Brands Inc (NYSE:CAG) has “Hold” rating given on Friday, June 30 by Credit Suisse. As per Friday, June 16, the company rating was maintained by Jefferies. The firm earned “Neutral” rating on Friday, December 23 by Credit Suisse. Jefferies maintained Conagra Brands Inc (NYSE:CAG) on Thursday, July 6 with “Buy” rating. As per Friday, October 14, the company rating was upgraded by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, August 30 by Jefferies. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, August 31 report.

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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