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

September 8, 2018 - By Billy Entrekin

Conagra Brands, Inc. (NYSE:CAG) LogoInvestors sentiment increased to 0.82 in Q1 2018. Its up 0.04, from 0.78 in 2017Q4. It improved, as 42 investors sold Conagra Brands, Inc. shares while 210 reduced holdings. 60 funds opened positions while 146 raised stakes. 286.92 million shares or 4.99% less from 301.99 million shares in 2017Q4 were reported.
Stephens Ar stated it has 12,138 shares. Mutual Of America Management Lc reported 51,638 shares. Manchester Capital Mngmt Limited Liability Corporation holds 0.01% or 1,283 shares. Royal State Bank Of Canada has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). First Midwest Fincl Bank Trust Division holds 0.17% in Conagra Brands, Inc. (NYSE:CAG) or 33,261 shares. Carroll Financial Assocs holds 0.01% in Conagra Brands, Inc. (NYSE:CAG) or 1,622 shares. Quantbot L P reported 0.09% stake. Gamco Inc Et Al invested 0.26% in Conagra Brands, Inc. (NYSE:CAG). Amica Retiree Med Trust reported 0.07% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). 744,090 are held by Rhumbline Advisers. Federated Invsts Pa stated it has 237,731 shares. Alliancebernstein Ltd Partnership reported 0.02% in Conagra Brands, Inc. (NYSE:CAG). State Teachers Retirement Sys holds 0.06% or 625,923 shares in its portfolio. Garde Cap Incorporated, Washington-based fund reported 17,100 shares. Azimuth Cap Management Ltd Company holds 18,092 shares or 0.05% of its portfolio.

Since March 26, 2018, it had 0 insider buys, and 8 insider sales for $5.71 million activity. Batcheler Colleen had sold 22,750 shares worth $819,000 on Wednesday, July 25. Shares for $2.59 million were sold by GOLDSTONE STEVEN F. 5,908 shares were sold by Wise Robert G, worth $219,285 on Wednesday, April 4. BUTLER STEPHEN G sold $449,618 worth of stock.

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 $191.90 million giving it 18.54 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 0.22% or $0.08 during the last trading session, reaching $36.33. About 3.75M shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 3.63% since September 8, 2017 and is downtrending. It has underperformed by 16.20% 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. The firm earned “Buy” rating on Thursday, June 28 by Citigroup. Jefferies maintained the stock with “Buy” rating in Monday, April 2 report. As per Tuesday, April 3, the company rating was maintained by RBC Capital Markets. UBS maintained the shares of CAG in report on Friday, March 23 with “Neutral” rating. The rating was maintained by JP Morgan on Friday, July 27 with “Overweight”. The stock has “Overweight” rating by JP Morgan on Friday, March 23. CFRA upgraded the shares of CAG in report on Wednesday, June 27 to “Buy” rating.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.23 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 18.3 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: “Don’t Give Up On Schlumberger – Cramer’s Lightning Round (9/4/18)” on September 05, 2018.

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

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