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

September 16, 2018 - By Eula Gilbert

Conagra Brands, Inc. (NYSE:CAG) LogoInvestors sentiment increased to 1.14 in Q2 2018. Its up 0.32, from 0.82 in 2018Q1. It is positive, 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.
Morgan Stanley holds 0.02% in Conagra Brands, Inc. (NYSE:CAG) or 2.15M shares. Bp Public Lc holds 0.06% or 48,000 shares in its portfolio. New York-based Clearbridge Investments Ltd Limited Liability Company has invested 0% in Conagra Brands, Inc. (NYSE:CAG). 22,313 were reported by Marshwinds Advisory Com. Pitcairn stated it has 10,439 shares or 0.04% of all its holdings. Fifth Third National Bank invested 0% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Ing Groep Nv stated it has 0.03% in Conagra Brands, Inc. (NYSE:CAG). Buckingham Asset Ltd Liability has 0.04% invested in Conagra Brands, Inc. (NYSE:CAG). Oakbrook Lc invested in 26,923 shares or 0.06% of the stock. Stonebridge Advsrs Ltd Co holds 0.05% or 6,400 shares in its portfolio. Numerixs Invest Technologies Inc holds 0.14% or 17,000 shares. Moreover, Lazard Asset Mgmt Lc has 0% invested in Conagra Brands, Inc. (NYSE:CAG) for 2,479 shares. Ibm Retirement Fund holds 0.05% or 7,178 shares. The New York-based Alliancebernstein Limited Partnership has invested 0.02% in Conagra Brands, Inc. (NYSE:CAG). Marshall Wace Ltd Liability Partnership reported 0.37% of its portfolio in Conagra Brands, Inc. (NYSE:CAG).

Since March 26, 2018, it had 0 insider buys, and 8 insider sales for $5.71 million activity. 22,750 shares were sold by Batcheler Colleen, worth $819,000 on Wednesday, July 25. BUTLER STEPHEN G also sold $449,618 worth of Conagra Brands, Inc. (NYSE:CAG) on Friday, April 6. GOLDSTONE STEVEN F sold $2.59M worth of stock. 5,908 shares valued at $219,285 were sold by Wise Robert G on Wednesday, April 4.

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 $191.90M giving it 19.52 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 0.71% or $0.27 during the last trading session, reaching $38.25. About 5.22M shares traded. Conagra Brands, Inc. (NYSE:CAG) has risen 7.96% since September 16, 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. UBS maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, March 23 with “Neutral” rating. Citigroup maintained the stock with “Buy” rating in Thursday, June 28 report. CFRA upgraded the stock to “Buy” rating in Wednesday, June 27 report. The rating was maintained by JP Morgan with “Overweight” on Friday, July 27. RBC Capital Markets maintained the shares of CAG in report on Tuesday, April 3 with “Buy” rating. JP Morgan maintained it with “Overweight” rating and $41 target in Friday, March 23 report. Jefferies maintained the stock with “Buy” rating in Monday, April 2 report.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.98 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 19.27 P/E ratio. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Another recent and important Conagra Brands, Inc. (NYSE:CAG) news was published by Seekingalpha.com which published an article titled: “RBC sees upside in packaged food sector” on September 12, 2018.

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

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