Signaturefd LLC Reduces Stake in ConAgra Foods Inc. (CAG)

Signaturefd LLC decreased its position in ConAgra Foods Inc. (NYSE:CAG) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,161 shares of the company’s stock after selling 164 shares during the period. Signaturefd LLC’s holdings in ConAgra Foods were worth $103,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peregrine Asset Advisers Inc. increased its position in shares of ConAgra Foods by 2.5% in the first quarter. Peregrine Asset Advisers Inc. now owns 5,458 shares of the company’s stock worth $244,000 after buying an additional 133 shares during the last quarter. HBK Investments L P increased its position in shares of ConAgra Foods by 13.1% in the first quarter. HBK Investments L P now owns 675,033 shares of the company’s stock worth $30,120,000 after buying an additional 78,437 shares during the last quarter. Mariner Wealth Advisors LLC increased its position in shares of ConAgra Foods by 0.9% in the first quarter. Mariner Wealth Advisors LLC now owns 38,153 shares of the company’s stock worth $1,702,000 after buying an additional 332 shares during the last quarter. Prudential PLC bought a new position in shares of ConAgra Foods during the first quarter worth approximately $5,570,000. Finally, Simmons Bank bought a new position in shares of ConAgra Foods during the first quarter worth approximately $492,000. Hedge funds and other institutional investors own 75.62% of the company’s stock.

Institutional Ownership by Quarter for ConAgra Foods (NYSE:CAG)

Shares of ConAgra Foods Inc. (NYSE:CAG) traded down 0.11% during midday trading on Monday, hitting $47.50. The stock had a trading volume of 1,949,590 shares. ConAgra Foods Inc. has a one year low of $37.97 and a one year high of $48.81. The firm has a market capitalization of $20.79 billion, a PE ratio of 31.79 and a beta of 0.34. The firm’s 50-day moving average price is $45.40 and its 200-day moving average price is $46.02.

ConAgra Foods (NYSE:CAG) last posted its earnings results on Thursday, September 29th. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.13. The business earned $2.67 billion during the quarter. ConAgra Foods had a return on equity of 28.48% and a net margin of 5.76%. ConAgra Foods’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. On average, equities analysts predict that ConAgra Foods Inc. will post $2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, October 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. ConAgra Foods’s dividend payout ratio (DPR) is presently 66.67%.

A number of brokerages recently commented on CAG. Zacks Investment Research downgraded ConAgra Foods from a “buy” rating to a “hold” rating in a research note on Monday, July 4th. Jefferies Group reissued a “buy” rating and issued a $55.00 price target on shares of ConAgra Foods in a research note on Monday, July 4th. Royal Bank Of Canada increased their price target on ConAgra Foods from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Sunday, July 3rd. TheStreet cut ConAgra Foods from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of ConAgra Foods in a research note on Friday, June 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. ConAgra Foods currently has an average rating of “Buy” and an average target price of $50.91.

ConAgra Foods Company Profile

ConAgra Foods, Inc operates as a packaged food company. The Company sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

5 Day Chart for NYSE:CAG

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