Analysts See $0.55 EPS for Conagra Brands, Inc. (CAG)

March 16, 2018 - By Nellie Frank

 Analysts See $0.55 EPS for Conagra Brands, Inc. (CAG)
Investors sentiment increased to 0.99 in Q3 2017. Its up 0.17, from 0.82 in 2017Q2. It is positive, as 53 investors sold Conagra Brands, Inc. shares while 197 reduced holdings. 66 funds opened positions while 181 raised stakes. 310.77 million shares or 1.88% less from 316.73 million shares in 2017Q2 were reported.
Kingdon Capital Mngmt Ltd Llc stated it has 270,056 shares or 0.59% of all its holdings. 3,916 were accumulated by Trust Of Vermont. Moreover, Renaissance Technology Ltd Liability has 0.05% invested in Conagra Brands, Inc. (NYSE:CAG). Dupont Capital Corporation stated it has 4,101 shares. Atwood And Palmer reported 1,000 shares stake. Cibc World Mkts invested in 67,224 shares. 1,800 are owned by Clearbridge Investments Ltd Liability Company. Asset Management One Limited holds 1.09M shares. Fincl Advisory Ser stated it has 0.08% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Schnieders Mngmt Ltd Llc, a California-based fund reported 11,050 shares. Amalgamated Savings Bank, New York-based fund reported 45,827 shares. 37,547 were accumulated by New Mexico Educational Retirement Board. Obermeyer Wood Investment Counsel Lllp reported 13,755 shares. State Of Wisconsin Inv Board accumulated 152,556 shares. Arizona State Retirement System stated it has 217,760 shares.

Since October 13, 2017, it had 0 buys, and 2 insider sales for $5.47 million activity. Wise Robert G had sold 23,170 shares worth $877,536 on Thursday, January 4.

Analysts expect Conagra Brands, Inc. (NYSE:CAG) to report $0.55 EPS on March, 22 before the open.They anticipate $0.07 EPS change or 14.58 % from last quarter’s $0.48 EPS. CAG’s profit would be $220.36 million giving it 16.54 P/E if the $0.55 EPS is correct. After having $0.55 EPS previously, Conagra Brands, Inc.’s analysts see 0.00 % EPS growth. The stock decreased 2.88% or $1.08 during the last trading session, reaching $36.38. About 3.67M shares traded or 7.88% up from the average. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since March 16, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Conagra Brands, Inc. (NYSE:CAG) Ratings Coverage

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods has $56 highest and $3300 lowest target. $43’s average target is 18.20% above currents $36.38 stock price. ConAgra Foods had 46 analyst reports since September 16, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, June 30 by Credit Suisse. Deutsche Bank maintained the shares of CAG in report on Friday, September 23 with “Hold” rating. On Wednesday, December 16 the stock rating was initiated by Jefferies with “Buy”. As per Friday, June 23, the company rating was maintained by Morgan Stanley. Bernstein upgraded Conagra Brands, Inc. (NYSE:CAG) on Thursday, December 14 to “Hold” rating. The company was initiated on Monday, November 14 by UBS. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, July 24. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 29. Jefferies maintained the shares of CAG in report on Thursday, July 6 with “Buy” rating. Morgan Stanley maintained the stock with “Overweight” rating in Monday, September 25 report.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.58 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 21.81 P/E ratio. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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