Conagra Brands, Inc. (CAG) Trading at $35.86 Forms Double Top Pattern

June 29, 2018 - By Loretta Love

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

Big Money Sentiment increased to 0.82 in Q1 2018. It has change of 0.04, from 2017Q4’s 0.78. The ratio increased due to Conagra Brands, Inc. positioning: 42 sold and 210 reduced. 60 funds amassed holdings and 146 increased holdings. Investors holded 301.99 million in 2017Q4 but now own 286.92 million shares or 4.99% less.
The New Jersey-based Jacobs Levy Equity Mgmt Inc has invested 0.03% in Conagra Brands, Inc. (NYSE:CAG). First Bank Of Omaha owns 103,199 shs or 0.23% of their US capital. Axa reported 137,611 shs. Paradigm Asset Co Limited Liability Co owns 12,420 shs. Lawson Kroeker Mngmt Ne holds 0.15% or 12,700 shs. Salem Investment Counselors, a North Carolina-based fund reported 1,711 shs. Clearbridge owns 1,800 shs or 0% of their US capital. Captrust Financial Advisors reported 0.06% stake. 1.64M were reported by Brown Advisory Inc. Mason Street Advsr Ltd Limited Liability Company reported 0.05% stake. Old Mutual Customised Solutions (Proprietary) Limited stated it has 0.03% in Conagra Brands, Inc. (NYSE:CAG). Motco accumulated 81 shs or 0% of the stock. Great West Life Assurance Can accumulated 395,807 shs. Cadence Management Limited Liability Corp stated it has 0.1% in Conagra Brands, Inc. (NYSE:CAG). Dnb Asset Mgmt As has 62,071 shs for 0% of their capital.

Conagra Brands, Inc. had 4 selling transactions and 0 buys since January 4, 2018. This’s net activity of $1.76 million. 12,092 shs valued at $449,618 were sold by BUTLER STEPHEN G on Friday, April 6. MARSHALL RUTH ANN also sold $216,810 worth of Conagra Brands, Inc. (NYSE:CAG) on Monday, March 26.

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.

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

Investors expect Conagra Brands, Inc. (NYSE:CAG)’s quarterly earnings on July, 5., according to RTT. Analysts forecast 16.22 % diference or $0.43 from the $0.37 EPS from 2017. CAG’s profit could hit $169.22 million with 20.85 P/E in case $0.43 earnings per share is revealed. After $0.61 earnings per share was revealed last quarter, analysts now see negative EPS growth of -29.51 % for Conagra Brands, Inc..

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

Total analysts of 6 have positions in Conagra Brands (NYSE:CAG) as follows: 5 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 83%. The firm has $4400 highest while $39 is the lowest target. The average target $41.83 is 16.65% above the last ($35.86) price. Since March 23, 2018 according to StockzIntelligence Inc Conagra Brands has 6 analyst reports. The stock rating was maintained by UBS with “Neutral” on Friday, March 23. On Wednesday, June 27 CFRA upgraded Conagra Brands, Inc. (NYSE:CAG) to “Buy” rating. On Friday, March 23 JP Morgan maintained Conagra Brands, Inc. (NYSE:CAG) rating. JP Morgan has “Overweight” rating and $41 target. On Tuesday, April 3 the firm earned “Buy” rating by RBC Capital Markets. On Monday, April 2 the stock of Conagra Brands, Inc. (NYSE:CAG) earned “Buy” rating by Jefferies. On Thursday, June 28 Citigroup maintained Conagra Brands, Inc. (NYSE:CAG) with “Buy” rating.

For more Conagra Brands, Inc. (NYSE:CAG) news announced recently go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Businesswire.com or Finance.Yahoo.com. The titles are as follows: “Some M&A Deals Entertain, Others Make You Eat Your Vegetables” announced on June 29, 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 “4 Consumer Goods Stocks to Add to Your Cart” with publication date: June 28, 2018.

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

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