Published: Fri, April 28, 2017
Health | By Jay Jacobs

ConAgra Foods (NYSE:CAG) Receives 'Sell' Rating From Brokers At UBS Securities

ConAgra Foods (NYSE:CAG) Receives 'Sell' Rating From Brokers At UBS Securities

Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Several investment firms issued their expert ratings on ConAgra Foods, Inc. Credit Suisse Group AG boosted their target price on shares of Conagra Brands from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Saturday, December 31st. The Market Capitalization of the company stands at 16.98 Billion.

Receive ConAgra Foods News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConAgra Foods with MarketBeat.com's FREE daily email newsletter. According to the analyst this now indicates there is a potential decrease of -12.39% from ConAgra Foods's current price of 39.95.

Conagra Brands, Inc., together with its subsidiaries, operates as a food company in North America. CAG's ROA is 3.07%, while industry's average is 8.34%. $48.56's average target is 18.64% above currents $40.93 stock price. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance.

Conagra Brands Inc (NYSE:CAG) traded down 0.03% during midday trading on Wednesday, hitting $39.12. The 20-Day Simple Moving Average is determined at -3.53% that showed a 200-Day Simple Moving Average of 3.42%. Over the past year Company's shares have been trading in the range of $32.74 and $41.68. Conagra Brands had a net margin of 6.00% and a return on equity of 25.62%. The stock has earnings growth of 172.40% yoy and showed a high EPS growth of 0.60% over the past five years. Inside the closing six months period the stock's performance declined -7.16% while overall yearly performance gained 36.33%. On average, equities analysts anticipate that Conagra Brands Inc will post $1.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Friday, April 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. Conagra Brands's payout ratio is now 55.94%.

In related news, Director Ruth Ann Marshall sold 6,046 shares of the stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $40.61, for a total value of $245,528.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following last close company's stock, is 15.22% above their SMA 50 and -4.29% below the 52-week high.

Other hedge funds and other institutional investors have also modified their holdings of the company.

On the close of 04/25/2017 Conagra Brands, Inc. Huntington National Bank now owns 11,623 shares of the company's stock worth $556,000 after buying an additional 192 shares during the period.

While looking at the Stock's Performance, ConAgra Foods, Inc. now shows a Weekly Performance of -3.58%, where Monthly Performance is -2.82%, Quarterly performance is 0.82%, 6 Months performance is 6.36% and yearly performance percentage is 15.89%. Alpha Windward LLC now owns 2,838 shares of the company's stock worth $134,000 after buying an additional 61 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ConAgra Foods by 14.7% in the second quarter.

The stock now has its Annual Dividend of $0.8 and an annual Dividend Yield of 1.97 Percent. Vident Investment Advisory LLC purchased a new position in Conagra Brands during the fourth quarter worth $504,000. Fuller & Thaler Asset Management Inc. now owns 4,300 shares of the company's stock valued at $203,000 after buying an additional 2,200 shares during the last quarter. Finally, Norges Bank purchased a new position in Conagra Brands during the fourth quarter worth $210,860,000. Sure, the percentage is encouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 12.95%, annually. An integral part of the company's Growth Center of Excellence, he will be responsible for the direction and success of cross-functional teams made up of Consumer Insights, Marketing, Research & Development, Packaging, and Design.

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