How Analysts Feel About Conagra Brands, Inc. (CAG) After Today’s Huge Increase?

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 worsened, 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.
Sasco Ct stated it has 4.07% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Moreover, Bridges has 0.13% invested in Conagra Brands, Inc. (NYSE:CAG). Legal General Gp Public Limited Com stated it has 0.06% in Conagra Brands, Inc. (NYSE:CAG). Moody Bancorp Trust Division accumulated 8,188 shares. Loeb Partners stated it has 557 shares. Private Advisor Group Lc holds 0.03% or 58,796 shares. Susquehanna Grp Incorporated Llp holds 0.01% in Conagra Brands, Inc. (NYSE:CAG) or 1.18M shares. Tcw Group owns 861,781 shares. Nordea Management stated it has 0.05% in Conagra Brands, Inc. (NYSE:CAG). 702,821 are held by Bb&T Securities Llc. Roosevelt Investment Gp Inc stated it has 0.1% in Conagra Brands, Inc. (NYSE:CAG). Cullen Frost Bankers Inc has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). Tocqueville Asset Management Limited Partnership stated it has 0.05% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Payden Rygel stated it has 1.72% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Advisory Llc stated it has 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG).

Since April 16, 2019, it had 3 buys, and 0 sales for $1.02 million activity. 10,000 Conagra Brands, Inc. (NYSE:CAG) shares with value of $299,865 were bought by GREGOR JOIE A. $668,250 worth of Conagra Brands, Inc. (NYSE:CAG) shares were bought by OMTVEDT CRAIG P.

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 2.47M 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 EPS, 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 EPS 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. Credit Suisse maintained it with “Neutral” rating and $30 target in Thursday, April 11 report. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given on Thursday, March 21 by Jefferies. Bank of America maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, March 22 with “Buy” rating. The company was maintained on Friday, March 22 by J.P. Morgan. The firm has “Buy” rating by Goldman Sachs given on Friday, March 22. Barclays Capital maintained the shares of CAG in report on Tuesday, February 19 with “Buy” rating.

More notable recent Conagra Brands, Inc. (NYSE:CAG) news were published by: Finance.Yahoo.com which released: “Why Conagra Brands, Inc. (NYSE:CAG) Is An Attractive Investment To Consider – Yahoo Finance” on August 11, 2019, also Finance.Yahoo.com with their article: “Interested In Conagra Brands, Inc. (NYSE:CAG)’s Upcoming 0.7% Dividend? You Have 4 Days Left – Yahoo Finance” published on July 24, 2019, Seekingalpha.com published: “George Soros Is Buying Conagra Brands. Here’s Why – Seeking Alpha” on March 29, 2019. More interesting news about Conagra Brands, Inc. (NYSE:CAG) were released by: Streetinsider.com and their article: “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” published on July 17, 2019 as well as Fool.com‘s news article titled: “How Growth From Meat Alternatives Could Boost ConAgra’s Stock – The Motley Fool” with publication date: July 23, 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

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