After Today’s Bullish Options Activity, Is ConAgra Foods Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is ConAgra Foods Inc's Near Term Analysis Positive?

In today’s session ConAgra Foods Inc (CAG) registered an unusually high (1,044) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CAG increase. With 1,044 contracts traded and 9324 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CAG161021C00048000 closed last at: $0.4 or 33.3% up. About 867,772 shares traded hands. ConAgra Foods Inc (NYSE:CAG) has risen 7.73% since March 15, 2016 and is uptrending. It has outperformed by 2.25% the S&P500.

ConAgra Foods Inc (NYSE:CAG) Ratings Coverage

Out of 10 analysts covering ConAgra Foods (NYSE:CAG), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. ConAgra Foods has been the topic of 17 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, September 24 by TheStreet. As per Thursday, February 25, the company rating was initiated by Goldman Sachs. The firm has “Neutral” rating by Citigroup given on Friday, April 8. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. The firm has “Overweight” rating by JP Morgan given on Wednesday, September 23. The firm earned “Overweight” rating on Wednesday, April 6 by JP Morgan. The firm has “Hold” rating by Deutsche Bank given on Friday, September 23. As per Friday, September 25, the company rating was maintained by Deutsche Bank. Deutsche Bank maintained the shares of CAG in a report on Friday, April 8 with “Hold” rating. The stock of ConAgra Foods Inc (NYSE:CAG) has “Buy” rating given on Friday, February 12 by Bank of America.

According to Zacks Investment Research, “ConAgra Foods, Inc. operates as a packaged food company. It operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products. The Company offers a wide range of food products, including meals, entrees, condiments, sides, snacks, specialty potato products, milled grain ingredients, dehydrated vegetables and seasonings, and blends and flavors. ConAgra Foods, Inc. is headquartered in Omaha, Nebraska.”

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.15, from 0.96 in 2016Q1. The ratio increased, as 43 funds sold all ConAgra Foods Inc shares owned while 208 reduced positions. 68 funds bought stakes while 211 increased positions. They now own 326.73 million shares or 0.37% less from 327.94 million shares in 2016Q1.
The Pennsylvania-based Peoples Financial has invested 0% in ConAgra Foods Inc (NYSE:CAG). Calamos Advsr Lc reported 40,648 shares or 0.01% of all its holdings. Prtnrs Capital Ltd Liability Corp accumulated 21,295 shares or 0.27% of the stock. Naples Advsr Limited Company has 31,933 shares for 0.62% of their US portfolio. Deere & has invested 0.05% of its portfolio in ConAgra Foods Inc (NYSE:CAG). Iberiabank Corp holds 0.13% or 5,898 shares in its portfolio. Moreover, Wells Fargo And Mn has 0.09% invested in ConAgra Foods Inc (NYSE:CAG) for 4.63 million shares. Ferguson Wellman Cap has 5,990 shares for 0.01% of their US portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 34,943 shares or 0.03% of its portfolio. Auxier Asset Mgmt has 108,535 shares for 1.19% of their US portfolio. Moreover, Bp Pcl has 0.11% invested in ConAgra Foods Inc (NYSE:CAG) for 57,000 shares. Foster And Motley holds 54,663 shares or 0.52% of its portfolio. Moreover, Cipher Ltd Partnership has 0.53% invested in ConAgra Foods Inc (NYSE:CAG) for 159,585 shares. Pitcairn Company has invested 0.04% of its portfolio in ConAgra Foods Inc (NYSE:CAG). Cornerstone Advsr Inc holds 9,500 shares or 0.11% of its portfolio.

Insider Transactions: Since July 5, 2016, the stock had 0 buys, and 8 insider sales for $14.15 million net activity. 41,470 ConAgra Foods Inc (NYSE:CAG) shares with value of $1.99M were sold by GOLDSTONE STEVEN F. 36,654 ConAgra Foods Inc (NYSE:CAG) shares with value of $1.77 million were sold by Wise Robert G. 4,607 ConAgra Foods Inc (NYSE:CAG) shares with value of $221,597 were sold by BUTLER STEPHEN G. JURGENSEN WILLIAM G had sold 4,636 shares worth $221,972 on Friday, July 8. The insider Johri Rajive sold $712,877. 159,057 shares with value of $7.66M were sold by Gehring John on Tuesday, July 5.

ConAgra Foods, Inc. operates as a packaged food company. The company has a market cap of $20.89 billion. The Firm sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It has a 42.18 P/E ratio. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

CAG Company Profile

ConAgra Foods, Inc., incorporated on December 5, 1975, operates as a packaged food company. The Firm operates through two divisions: Consumer Foods and Commercial Foods. The Firm sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers. The Company’s brands include Marie Callender’s, Healthy Choice, Slim Jim, Hebrew National, Orville Redenbacher’s, Peter Pan, Reddi-wip, PAM, Snack Pack, Banquet, Chef Boyardee, Egg Beaters and Hunt’s. The Firm sells its products in grocery, convenience, mass merchandise and club stores.

More news for ConAgra Foods Inc (NYSE:CAG) were recently published by: Forbes.com, which released: “ConAgra Foods To Spin-Off Lamb Weston On November 9, 2016” on October 12, 2016. Businesswire.com‘s article titled: “ConAgra Foods Acquires Frontera, Red Fork and Salpica Brands” and published on September 26, 2016 is yet another important article.

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