Will Conagra Beat Fiscal 1Q18 EPS Estimates?

Lloyd Doyle
September 23, 2017

COPYRIGHT VIOLATION NOTICE: "ConAgra Foods Inc". The stock declined 0.94% or $0.31 reaching $33.1 per share. About 2.15 million shares traded. About shares traded. Conagra Brands Inc (NYSE:CAG) has risen 8.39% since September 22, 2016 and is uptrending. It has outperformed by 20.71% the S&P500. Gamble Jones Inv Counsel holds 0.04% in Conagra Brands Inc (NYSE:CAG) or 10,314 shares. CAG's profit would be $166.29M giving it 21.06 P/E if the $0.40 EPS is correct. The stock decreased 0.83% or $0.28 during the last trading session, reaching $33.42.

Adage Capital Partners Gp Llc decreased Conagra Brands Inc (CAG) stake by 57.83% reported in 2017Q2 SEC filing. It has underperformed by 8.31% the S&P500. Plus, the company's EPS could also take a hit from retailers reducing shelf space for packaged foods as they focus more on fresh and healthy foods to drive store traffic. The company has market cap of $13.89 billion. The Firm operates through two divisions: Consumer Foods and Commercial Foods. It has a 26.9 P/E ratio. Conagra Foodservice offers products to restaurants, retailers, commercial customers and other foodservice suppliers.

ConAgra Foods earned a media sentiment score of 0.10 on Accern's scale. 0 analysts recommended Overweight these shares while 1 recommended Underweight, according to FactSet data. 63 funds opened positions while 168 raised stakes.

Captrust Financial Advisors purchased a new position in ConAgra Foods Inc. Cleararc Cap Inc reported 9,914 shares or 0.06% of all its holdings.

Shares of ConAgra Foods Inc. Goldman Sachs Group Inc Inc stated it has 5.68 million shares. Argent Capital Mngmt Ltd Company invested 2.55% of its portfolio in Conagra Brands Inc (NYSE:CAG).


The company's consensus rating on Reuter's scale remained unchanged from 2.44 to 2.44 during a month. Livforsakringsbolaget Skandia Omsesidigt reported 0.03% in Conagra Brands Inc (NYSE:CAG).

Analysts await Conagra Brands Inc (NYSE:CAG) to report earnings on October, 5. Diligent Invsts Lc, a California-based fund reported 7,200 shares. Conagra Brands, Inc. (CAG) has made its way to a 12-month decline of -0.7%. 39,184 are held by Keybank Association Oh. Zacks Investment Research upgraded shares of ConAgra Foods from a "sell" rating to a "hold" rating in a research note on Friday, June 2nd. Therefore 54% are positive. On average, equities research analysts expect that ConAgra Foods will post $1.86 earnings per share for the current fiscal year. As per Friday, April 8, the company rating was maintained by Deutsche Bank. Stifel Nicolaus maintained Conagra Brands Inc (NYSE:CAG) on Wednesday, October 19 with "Hold" rating. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. The firm earned "Sell" rating on Thursday, May 11 by Credit Suisse. On Friday, June 16 the stock rating was maintained by Jefferies with "Buy". Morgan Stanley maintained the shares of CAG in report on Friday, June 23 with "Buy" rating. Jefferies maintained it with "Buy" rating and $4000 target in Friday, July 28 report.

ConAgra Foods declared that its Board of Directors has authorized a stock buyback program on Thursday, June 29th that allows the company to repurchase $1.00 billion in outstanding shares. The insider MARSHALL RUTH ANN sold $245,528. The median estimate represents a 2.35% increase from the last price of 33.22. Barrett Peter also sold $632,230 worth of PerkinElmer, Inc. On Monday, May 15 the insider SULLIVAN PATRICK J sold $414,833. The insider Olsavsky Brian T sold 2,333 shares worth $2.24 million.

Investors sentiment decreased to 1.19 in Q4 2016. Its down 0.27, from 1.09 in 2016Q3. It is negative, as 64 investors sold AMZN shares while 542 reduced holdings. (NASDAQ:RIGL) to report earnings on November, 7. Moreover, Train Babcock Limited Co has 0.11% invested in Amazon.com, Inc. The Moneta Group Investment Advisors Llc holds 70,235 shares with $2.51M value, up from 22,255 last quarter. Cubist Systematic Strategies Limited Liability has 0.07% invested in PerkinElmer, Inc. Regions Fin Corporation holds 114,787 shares or 0.05% of its portfolio. Winfield Associates Incorporated accumulated 25 shares. Parametric Portfolio Assoc Limited Company stated it has 1.09 million shares. Rice Hall James Assocs Ltd Liability has 610,592 shares for 1.31% of their portfolio. (NASDAQ:AMZN). Zurcher Kantonalbank (Zurich Cantonalbank) reported 156,665 shares. Burt Wealth Advsr has invested 0.4% of its portfolio in Amazon.com, Inc. It also upped Amphenol Corp New Cl A (NYSE:APH) stake by 9,463 shares and now owns 43,189 shares. At present, 1 analysts call it Sell, while 5 think it is Hold. Therefore 91% are positive. Symons Capital Management Incorporated reported 424,343 shares or 3.7% of all its holdings. The rating was maintained by Credit Suisse on Friday, December 23 with "Neutral". Piper Jaffray reinitiated it with "Overweight" rating and $900 target in Tuesday, January 3 report. On Tuesday, March 21 the stock rating was downgraded by Bernstein to "Underperform". On Monday, September 11 the stock rating was maintained by RBC Capital Markets with "Buy".

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