151,232 Shares in ConAgra Foods Inc. (CAG) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. acquired a new position in shares of ConAgra Foods Inc. (NYSE:CAG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 151,232 shares of the company’s stock, valued at approximately $6,049,000.

Other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in ConAgra Foods by 75.7% in the first quarter. Advisors Asset Management Inc. now owns 2,987 shares of the company’s stock worth $120,000 after buying an additional 1,287 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of ConAgra Foods by 7.9% in the first quarter. Alpha Windward LLC now owns 3,382 shares of the company’s stock valued at $136,000 after buying an additional 247 shares in the last quarter. Rational Advisors LLC boosted its stake in shares of ConAgra Foods by 14.3% in the first quarter. Rational Advisors LLC now owns 3,507 shares of the company’s stock valued at $141,000 after buying an additional 438 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of ConAgra Foods during the first quarter valued at $181,000. Finally, Twin Tree Management LP purchased a new stake in shares of ConAgra Foods during the first quarter valued at $182,000. Institutional investors own 77.79% of the company’s stock.

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

ConAgra Foods Inc. (NYSE:CAG) traded up 0.813% on Tuesday, hitting $37.825. The stock had a trading volume of 1,847,172 shares. The firm’s 50-day moving average is $38.37 and its 200-day moving average is $39.35. The company has a market cap of $16.09 billion, a P/E ratio of 27.509 and a beta of 0.32. ConAgra Foods Inc. has a 52-week low of $33.61 and a 52-week high of $48.86.

ConAgra Foods (NYSE:CAG) last released its earnings results on Thursday, March 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. ConAgra Foods had a return on equity of 22.41% and a net margin of 6.33%. ConAgra Foods’s revenue was down 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Equities research analysts anticipate that ConAgra Foods Inc. will post $1.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Friday, April 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Wednesday, April 26th. ConAgra Foods’s dividend payout ratio (DPR) is 57.97%.

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Several brokerages have weighed in on CAG. Jefferies Group LLC reiterated a “buy” rating on shares of ConAgra Foods in a report on Friday. J P Morgan Chase & Co lowered their target price on ConAgra Foods from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, May 31st. Zacks Investment Research upgraded ConAgra Foods from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada upped their target price on ConAgra Foods from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 24th. Finally, Sanford C. Bernstein cut ConAgra Foods from a “market perform” rating to an “underperform” rating and set a $36.00 target price for the company. in a report on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.76.

In other ConAgra Foods news, Director Ruth Ann Marshall sold 6,046 shares of ConAgra Foods stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $40.61, for a total transaction of $245,528.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is owned by insiders.

About ConAgra Foods

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CAG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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