Conagra Brands, Inc. (CAG) Has Double Top Trading At $35.86

June 29, 2018 - By Eric Painter

Conagra Brands, Inc. (NYSE:CAG) Corporate Logo

Big Money Sentiment increased to 0.82 in 2018 Q1. It has change of 0.04, from 2017Q4’s 0.78. The ratio is positive due to Conagra Brands, Inc. positioning: 42 sold and 210 reduced. 60 funds acquired stakes and 146 increased stakes. Investors holded 301.99 million in 2017Q4 but now own 286.92 million shares or 4.99% less.
Kingdon Management Lc reported 507,078 shs. Kentucky Retirement invested in 0.07% or 20,910 shs. Amer Beacon Advsrs Inc holds 3,375 shs. Monetary Mgmt Group Inc has 0.06% invested in Conagra Brands, Inc. (NYSE:CAG) for 4,000 shs. Bollard Gru Lc stated it has 81,562 shs. 91,532 were accumulated by Sg Americas Secs Ltd Company. Geode Capital Mgmt Ltd has invested 0.06% in Conagra Brands, Inc. (NYSE:CAG). Moreover, Natixis has 0.01% invested in Conagra Brands, Inc. (NYSE:CAG) for 24,608 shs. Maryland-based Price T Rowe Assoc Incorporated Md has invested 0.05% in Conagra Brands, Inc. (NYSE:CAG). Tradewinds Capital Management Ltd Company has invested 0.02% of its capital in Conagra Brands, Inc. (NYSE:CAG). Japan-based Nomura Holding has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). Commerce Savings Bank holds 29,444 shs. Regions Financial accumulated 86,138 shs. Alliancebernstein Lp reported 855,811 shs. Amica Pension Fund Board Of Trustees holds 12,001 shs.

Conagra Brands, Inc. had 4 selling transactions and 0 insider purchases since January 4, 2018. This’s net activity of $1.76 million. On Friday, April 6 Shares for $449,618 were sold by BUTLER STEPHEN G. Another trade for 5,908 shs valued at $219,285 was made by Wise Robert G on Wednesday, April 4.

The double top chart pattern of Conagra Brands, Inc. (CAG) has $38.73 PT or 8.00 % above today’s $35.86 share price. The stock has $14.11B MC. Finviz.com reported this chart pattern on Jun, 29. At $38.73 stock PT, the company valuation changes by $1.13B more.

The stock increased 0.08% or $0.03 during the last trading session, touching $35.86.Conagra Brands, Inc. has volume of 3.29M shares. Since June 29, 2017 CAG has declined 3.63% and is downtrending. The stock underperformed the S&P500 by 16.20%.

On July, 5 WallStreet expected Conagra Brands, Inc. (NYSE:CAG)’s earnings report, according to RTT. Analysts predict $0.43 EPS. That’s $0.06 up or 16.22 % from 2017’s earnings of $0.37. In case of $0.43 EPS CAG’s profit could be $169.22M. Wall Street sees -29.51 % negative EPS growth as of July, 5.

Conagra Brands, Inc. (NYSE:CAG) Ratings Coverage

In total 6 analysts cover Conagra Brands (NYSE:CAG). “Buy” rating has 5, “Sell” are 0, while 1 are “Hold”. 83% are bullish. With $4400 highest and $39 lowest target price Conagra Brands has $41.83 average target price or 16.65% above the current ($35.86) price. 6 are the (NYSE:CAG)’s analyst reports since March 23, 2018 according to StockzIntelligence Inc. On Monday, April 2 the rating was maintained by Jefferies with “Buy”. On Friday, March 23 the rating was maintained by JP Morgan with “Overweight”. In Tuesday, April 3 report RBC Capital Markets maintained it with “Buy” rating and $4400 target. On Thursday, June 28 the stock has “Buy” rating by Citigroup. In Wednesday, June 27 report CFRA upgraded the stock to “Buy” rating. On Friday, March 23 the firm has “Neutral” rating given by UBS.

For more Conagra Brands, Inc. (NYSE:CAG) news brought out recently go to: Finance.Yahoo.com, Seekingalpha.com, Seekingalpha.com, Businesswire.com or Fool.com. The titles are as follows: “4 Consumer Goods Stocks to Add to Your Cart” brought out on June 28, 2018, “Wall Street Breakfast: Oil Back Above $70” on June 27, 2018, “ConAgra Brands, Inc. (CAG) CEO Sean Connolly on Q4 2018 Results – Earnings Call Transcript” with a publish date: June 28, 2018, “PINNACLE FOODS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC …” and the last “What Happened in the Stock Market Today” with publication date: June 27, 2018.

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

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