$0.49 EPS Expected for Conagra Brands, Inc. (CAG)

September 14, 2018 - By Darrel Chase

Conagra Brands, Inc. (NYSE:CAG) LogoInvestors sentiment increased to 1.14 in Q2 2018. Its up 0.32, from 0.82 in 2018Q1. It increased, as 38 investors sold Conagra Brands, Inc. shares while 184 reduced holdings. 72 funds opened positions while 181 raised stakes. 302.97 million shares or 5.59% more from 286.92 million shares in 2018Q1 were reported.
Pittenger & Anderson reported 12,984 shares. Reliance Co Of Delaware, Delaware-based fund reported 13,993 shares. The Massachusetts-based Liberty Mutual Group Inc Asset Mngmt has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). Gillespie Robinson & Grimm reported 5,861 shares stake. Hbk Sorce Advisory Ltd invested in 12,130 shares. Chemical National Bank & Trust accumulated 6,000 shares. Royal Fincl Bank Of Canada reported 0.01% stake. Covenant Multifamily Offices Ltd Liability Corporation has invested 0.98% in Conagra Brands, Inc. (NYSE:CAG). Cwm Ltd Liability accumulated 448 shares. Oakbrook Invests Lc invested 0.06% in Conagra Brands, Inc. (NYSE:CAG). State Bank Of New York Mellon Corp has invested 0.07% in Conagra Brands, Inc. (NYSE:CAG). New Mexico Educational Retirement Board reported 0.05% in Conagra Brands, Inc. (NYSE:CAG). Veritable Ltd Partnership stated it has 15,175 shares. Louisiana State Employees Retirement Sys accumulated 0.04% or 23,200 shares. Regions Fincl invested in 83,604 shares or 0.03% of the stock.

Since March 26, 2018, it had 0 buys, and 8 sales for $5.71 million activity. Wise Robert G also sold $219,285 worth of Conagra Brands, Inc. (NYSE:CAG) shares. On Monday, March 26 MARSHALL RUTH ANN sold $216,810 worth of Conagra Brands, Inc. (NYSE:CAG) or 6,046 shares. Another trade for 12,092 shares valued at $449,618 was made by BUTLER STEPHEN G on Friday, April 6. GOLDSTONE STEVEN F also sold $2.59 million worth of Conagra Brands, Inc. (NYSE:CAG) on Friday, June 29.

Analysts expect Conagra Brands, Inc. (NYSE:CAG) to report $0.49 EPS on September, 27.They anticipate $0.03 EPS change or 6.52 % from last quarter’s $0.46 EPS. CAG’s profit would be $191.91 million giving it 19.49 P/E if the $0.49 EPS is correct. After having $0.50 EPS previously, Conagra Brands, Inc.’s analysts see -2.00 % EPS growth. The stock increased 0.61% or $0.23 during the last trading session, reaching $38.21. About 1.11M shares traded. Conagra Brands, Inc. (NYSE:CAG) has risen 7.96% since September 14, 2017 and is uptrending. It has underperformed by 7.66% the S&P500.

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

Among 7 analysts covering Conagra Brands (NYSE:CAG), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Conagra Brands had 8 analyst reports since March 23, 2018 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, April 3 report. JP Morgan maintained the shares of CAG in report on Friday, July 27 with “Overweight” rating. The company was maintained on Thursday, June 28 by Citigroup. On Friday, March 23 the stock rating was maintained by JP Morgan with “Overweight”. Jefferies maintained the shares of CAG in report on Monday, April 2 with “Buy” rating. UBS maintained Conagra Brands, Inc. (NYSE:CAG) rating on Friday, March 23. UBS has “Neutral” rating and $39 target. CFRA upgraded Conagra Brands, Inc. (NYSE:CAG) rating on Wednesday, June 27. CFRA has “Buy” rating and $4100 target.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.97 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 19.25 P/E ratio. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

More news for Conagra Brands, Inc. (NYSE:CAG) were recently published by: Seekingalpha.com, which released: “RBC sees upside in packaged food sector” on September 12, 2018. Themiddlemarket.com‘s article titled: “M&A wrap: Hershey, Pirate’s Booty, Walmart, Cornershop, Francisco Partners” and published on September 13, 2018 is yet another important article.

Conagra Brands, Inc. (NYSE:CAG) Institutional Positions Chart

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