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

September 16, 2018 - By Margaret Guttierez

Conagra Brands, Inc. (NYSE:CAG) LogoInvestors sentiment increased to 1.14 in 2018 Q2. 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.
Covenant Multifamily Offices Limited Liability holds 64,913 shares. Jfs Wealth Advsr Limited Liability Co reported 3,748 shares. Jane Street Group Incorporated Ltd Liability, New York-based fund reported 17,467 shares. Moreover, Vantage Invest Ltd Liability Corp has 0% invested in Conagra Brands, Inc. (NYSE:CAG) for 166 shares. 2.92 million are owned by National Bank Of America De. Transamerica Advsr, Florida-based fund reported 6 shares. Swiss National Bank & Trust invested in 0.06% or 1.57 million shares. Ironwood Inv Limited holds 0.16% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 6,400 shares. Wellington Mgmt Gru Ltd Liability Partnership accumulated 240,996 shares. Old Second Bank & Trust Of Aurora has invested 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Caisse De Depot Et Placement Du Quebec holds 0.02% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 182,000 shares. Fukoku Mutual Life Insur Communication stated it has 0.03% in Conagra Brands, Inc. (NYSE:CAG). 13,049 are owned by Dana Advisors. Eqis Capital Mgmt holds 0.05% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 24,557 shares. 455,083 are owned by Great West Life Assurance Co Can.

Since March 26, 2018, it had 0 insider purchases, and 8 insider sales for $5.71 million activity. The insider BUTLER STEPHEN G sold $449,618. The insider GOLDSTONE STEVEN F sold $2.59M. 33,317 Conagra Brands, Inc. (NYSE:CAG) shares with value of $1.20M were sold by Batcheler Colleen. Wise Robert G sold $219,285 worth of Conagra Brands, Inc. (NYSE:CAG) 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. The rating was maintained by UBS with “Neutral” on Friday, March 23. The firm has “Buy” rating given on Monday, April 2 by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Tuesday, April 3. The company was maintained on Friday, March 23 by JP Morgan. As per Wednesday, June 27, the company rating was upgraded by CFRA. The firm earned “Overweight” rating on Friday, July 27 by JP Morgan. Citigroup maintained it with “Buy” rating and $42 target in Thursday, June 28 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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