Notable Runner: Time to Buy ConAgra Foods Inc After Today’s Significant Decline?

Notable Runner: Time to Buy ConAgra Foods Inc After Today's Significant Decline?

The stock of ConAgra Foods Inc (NYSE:CAG) is a huge mover today! About 7.39M shares traded hands or 610.58% up from the average. ConAgra Foods Inc (NYSE:CAG) has risen 3.68% since April 8, 2016 and is uptrending. It has underperformed by 1.96% the S&P500.
The move comes after 7 months negative chart setup for the $14.56B company. It was reported on Nov, 10 by Barchart.com. We have $30.79 PT which if reached, will make NYSE:CAG worth $1.31 billion less.

ConAgra Foods Inc (NYSE:CAG) Ratings Coverage

Out of 11 analysts covering ConAgra Foods (NYSE:CAG), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. ConAgra Foods has been the topic of 19 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, September 23 report. The firm earned “Hold” rating on Friday, April 8 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Friday, September 25. TheStreet downgraded ConAgra Foods Inc (NYSE:CAG) on Thursday, September 24 to “Hold” rating. JP Morgan maintained the shares of CAG in a report on Wednesday, April 6 with “Overweight” rating. The stock has “Hold” rating given by Deutsche Bank on Friday, September 23. Stifel Nicolaus maintained ConAgra Foods Inc (NYSE:CAG) rating on Wednesday, October 19. Stifel Nicolaus has “Hold” rating and $52 price target. The rating was initiated by Jefferies on Wednesday, December 16 with “Buy”. The rating was maintained by Citigroup with “Neutral” on Friday, April 8.

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 improved, 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.
Victory Capital Management Incorporated accumulated 5,570 shares or 0% of the stock. Moreover, Picton Mahoney Asset Management has 1.91% invested in ConAgra Foods Inc (NYSE:CAG) for 649,300 shares. Lazard Asset Mgmt reported 14,400 shares or 0% of all its holdings. Moreover, Focused Wealth Inc has 0% invested in ConAgra Foods Inc (NYSE:CAG) for 48 shares. Raymond James Services Advsr holds 0.04% of its portfolio in ConAgra Foods Inc (NYSE:CAG) for 94,021 shares. Monroe Fincl Bank Trust Mi holds 0.09% of its portfolio in ConAgra Foods Inc (NYSE:CAG) for 5,442 shares. Johnson Counsel holds 10,776 shares or 0.02% of its portfolio. Ellington Mgmt Group Ltd Limited Liability Company has 5,700 shares for 0.38% of their US portfolio. The Texas-based Chilton Management Ltd Llc has invested 0.03% in ConAgra Foods Inc (NYSE:CAG). Acadian Asset Ltd Limited Liability Company holds 0.01% of its portfolio in ConAgra Foods Inc (NYSE:CAG) for 26,026 shares. Gateway Inv Advisers Limited Co accumulated 0.22% or 536,801 shares. Wealthtrust Axiom Ltd Liability Corporation has invested 0.1% of its portfolio in ConAgra Foods Inc (NYSE:CAG). Hourglass Limited last reported 0.13% of its portfolio in the stock. Nelson Van Denburg Campbell Wealth Mngmt Ltd Liability Company last reported 3,002 shares in the company. Moore Capital Mgmt L P holds 0.91% of its portfolio in ConAgra Foods Inc (NYSE:CAG) for 486,000 shares.

Insider Transactions: Since July 5, 2016, the stock had 0 buys, and 8 selling transactions for $14.15 million net activity. JURGENSEN WILLIAM G sold 4,636 shares worth $221,972. Another trade for 159,057 shares valued at $7.66 million was made by Gehring John on Tuesday, July 5. On Wednesday, July 6 the insider Johri Rajive sold $712,877. Shares for $1.99 million were sold by GOLDSTONE STEVEN F. 15,708 ConAgra Foods Inc (NYSE:CAG) shares with value of $752,366 were sold by Wise Robert G. BUTLER STEPHEN G had sold 4,607 shares worth $221,597.

More news for ConAgra Foods Inc (NYSE:CAG) were recently published by: Businesswire.com, which released: “ConAgra Foods Completes Spin-off of Lamb Weston Business and Becomes Conagra …” on November 10, 2016. Forbes.com‘s article titled: “ConAgra Foods To Spin-Off Lamb Weston On November 9, 2016” and published on October 12, 2016 is yet another important article.

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.

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