After Reaching Milestone, Is Conagra Brands Incorporated (NYSE:CAG)’s Short Interest Revealing Something?

September 17, 2017 - By Winifred Garcia

 After Reaching Milestone, Is Conagra Brands Incorporated (NYSE:CAG)’s Short Interest Revealing Something?

Investors sentiment increased to 1.07 in Q4 2016. Its up 0.10, from 0.97 in 2016Q3. It is positive, 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.
Allen Invest Mgmt Limited Com stated it has 9,692 shares or 0.03% of all its holdings. Davidson Investment Advsr invested in 0.01% or 1,500 shares. First Interstate Savings Bank accumulated 1,801 shares. Forester Mngmt Limited has 92,828 shares. Reliance Trust Communication Of Delaware has invested 0.11% in Conagra Brands Inc (NYSE:CAG). Daiwa Secs stated it has 0% of its portfolio in Conagra Brands Inc (NYSE:CAG). Ancora Advisors Ltd Limited Liability Company holds 18,780 shares or 0.05% of its portfolio. Principal Fin Incorporated holds 649,382 shares. The Oklahoma-based Capital Advisors Incorporated Ok has invested 0.01% in Conagra Brands Inc (NYSE:CAG). Moreover, Cadinha Com Ltd Liability Com has 0.07% invested in Conagra Brands Inc (NYSE:CAG). Point72 Asia (Hong Kong) has invested 0.15% in Conagra Brands Inc (NYSE:CAG). Patten And Patten Inc Tn invested 0.04% of its portfolio in Conagra Brands Inc (NYSE:CAG). Fjarde Ap holds 85,861 shares or 0.08% of its portfolio. 1832 Asset Management L P holds 5,355 shares or 0% of its portfolio. State Common Retirement Fund has invested 0.05% in Conagra Brands Inc (NYSE:CAG).

Since March 29, 2017, it had 0 insider purchases, and 1 insider sale for $245,528 activity. 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 12.74 million 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 4.88M 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.

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. The firm has “Hold” rating by Deutsche Bank given on Friday, September 23. On Friday, June 30 the stock rating was maintained by Credit Suisse with “Hold”. The rating was maintained by Credit Suisse on Friday, December 23 with “Neutral”. The stock of Conagra Brands Inc (NYSE:CAG) earned “Neutral” rating by UBS on Monday, November 14. Stifel Nicolaus maintained Conagra Brands Inc (NYSE:CAG) on Monday, July 24 with “Hold” rating. On Thursday, August 31 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Buy” rating on Wednesday, February 15 by Deutsche Bank. The rating was downgraded by TheStreet to “Hold” on Thursday, September 24. Morgan Stanley maintained Conagra Brands Inc (NYSE:CAG) rating on Friday, June 23. Morgan Stanley has “Buy” rating and $4200 target. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, February 25.

More news for Conagra Brands Inc (NYSE:CAG) were recently published by: Prnewswire.com, which released: “Conagra Brands Announces Details Of 2017 Barclays Global Consumer Staples …” on August 22, 2017. Prnewswire.com‘s article titled: “Comfort Takes On A Contemporary Twist In New DELIGHTS From Marie Callender’s …” and published on September 12, 2017 is yet another important article.

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