After Today’s Big Increase, Is Conagra Brands, Inc. (CAG)’s Near-Term Analysis Positive?

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 dropped, 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.
Norinchukin Bank & Trust The holds 0.03% or 92,168 shares. 5.82 million were reported by Northern Tru Corp. Yhb Inv Advisors Inc, a Connecticut-based fund reported 7,390 shares. Wellington Mgmt Grp Llp holds 0% or 153,022 shares. Atwood And Palmer holds 1,000 shares or 0% of its portfolio. Meiji Yasuda Asset Mgmt Ltd invested in 0.07% or 30,552 shares. Sumitomo Mitsui Asset Mgmt Co Ltd invested in 35,291 shares. Sit Assocs Inc has invested 0.29% in Conagra Brands, Inc. (NYSE:CAG). Guardian Life Ins Of America accumulated 1,400 shares. 851 are owned by Delta Asset Mngmt Ltd Liability Company Tn. State Street owns 21.93M shares for 0.05% of their portfolio. Pennsylvania holds 0% or 15,221 shares. Raymond James Finance Service Advisors has invested 0.02% in Conagra Brands, Inc. (NYSE:CAG). Princeton Port Strategies invested 1.8% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Verition Fund Management Ltd Com has invested 0.12% in Conagra Brands, Inc. (NYSE:CAG).

Since April 16, 2019, it had 3 insider buys, and 0 insider sales for $1.02 million activity. Arora Anil also bought $48,096 worth of Conagra Brands, Inc. (NYSE:CAG) on Tuesday, April 16. Another trade for 10,000 shares valued at $299,865 was made by GREGOR JOIE A 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 2.47 million 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 Barchart.com. 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 $194.63M 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 J.P. Morgan. As per Tuesday, February 19, the company rating was maintained by Barclays Capital. Goldman Sachs maintained the stock with “Buy” rating in Friday, March 22 report. The rating was maintained by Jefferies on Thursday, March 21 with “Buy”. Bank of America maintained it with “Buy” rating and $30 target in Friday, March 22 report. Credit Suisse maintained it with “Neutral” rating and $30 target in Thursday, April 11 report.

More notable recent Conagra Brands, Inc. (NYSE:CAG) news were published by: Streetinsider.com which released: “Sherwin-Williams (SHW) , ConAgra Brands (CAG), and NL Industries (NL) agree to pay $305 million to settle lead paint lawsuit in California – Reuters – StreetInsider.com” on July 17, 2019, also Benzinga.com with their article: “ConAgra Foods, Inc. (NYSE:CAG) – Collaborative Spirit Nets Conagra Brands “Shipper Of Choice” Award – Benzinga” published on June 17, 2019, Finance.Yahoo.com published: “NYSE: CAG Investor Notice: Lawsuit against Conagra Brands, Inc. announced by Shareholders Foundation – Yahoo Finance” on April 29, 2019. More interesting news about Conagra Brands, Inc. (NYSE:CAG) were released by: Fool.com and their article: “Stock Market News: Curaleaf Makes a Pot Deal; Conagra Takes on Beyond Meat – Motley Fool” published on July 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did You Manage To Avoid Conagra Brands’s (NYSE:CAG) 36% Share Price Drop? – Yahoo Finance” with publication date: June 10, 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.