ConAgra Foods Inc. (CAG) Position Maintained by Regent Investment Management LLC

Judith Bessette
Agosto 8, 2017

(NYSE:CAG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,356 shares of the company's stock after selling 44,717 shares during the period. KS's holdings in ConAgra Foods were worth $2,284,000 as of its most recent SEC filing.

The following firms have also recently changed their position in CAG. Oppenheimer Asset Management bought a fresh position in stocks of ConAgra Foods during the Q1 valued roughly $110,000. Advisors Asset Management Inc. boosted its position in shares of ConAgra Foods by 75.7% in the first quarter. Vanguard Group Inc. now owns 46,312,610 shares of the company's stock worth $1,868,249,000 after buying an additional 1,175,244 shares during the last quarter. As of the end of the quarter Jennison Associates LLC had bought 1,296 shares growing its stake by 1.2%. Alpha Windward LLC now owns 3,578 shares of the company's stock valued at $128,000 after buying an additional 196 shares during the last quarter. Finally, Jefferies Group LLC restated a "buy" rating on shares of ConAgra Foods in a research note on Friday, June 16th. BlackRock Inc. now owns 26,966,885 shares of the company's stock worth $1,087,846,000 after buying an additional 26,020,645 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in ConAgra Foods by 11.7% in the first quarter. First Midwest Bank Trust Division now owns 6,559 shares of the company's stock valued at $265,000 after buying an additional 50 shares during the period. On average, equities analysts predict that ConAgra Foods Inc. will post $1.86 earnings per share for the current year. (NYSE CAG) traded up 0.38% on Monday, hitting $34.11. The company had a trading volume of 787,956 shares. The average volume of a stock suggests the liquidity of a particular company. Philadelphia Trust Company who had been investing in Conagra Brands Inc for a number of months, seems to be bullish on the $14.20 billion market cap company. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.86 billion. ConAgra Foods had a net margin of 7.43% and a return on equity of 20.29%. ConAgra Foods's quarterly revenue was down 9.3% compared to the same quarter a year ago. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be given a $0.2125 dividend. First National Bank of Mount Dora Trust Investment Services raised its stake in ConAgra Foods by 23.4% in the first quarter. This represents a $0.85 annualized dividend and a yield of 2.49%. The ex-dividend date is Thurs, Jul 27th.

ConAgra Foods declared that its board has approved a stock repurchase program on Thursday, June 29th that permits the company to buyback $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 6.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued. "(CAG)" was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another website, it was illegally stolen and republished in violation of USA & global copyright & trademark legislation. The correct version of this piece can be accessed at

Several analysts recently issued reports on CAG shares.

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ConAgra Foods (NYSE:CAG) last issued its quarterly earnings results on Thursday, June 29th. Zacks Investment Research raised shares of ConAgra Foods from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd. Zacks trimmed stocks of ConAgra Foods from a "buy" recommendation to a "hold" recommendation in a study on Mon, May 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. ConAgra Foods has a consensus rating of "Hold" and an average target price of $42.72.

In other ConAgra Foods news, Director Stephen G. Butler sold 5,848 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $35.80, for a total transaction of $209,358.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

In other news, Director Ruth Ann Marshall sold 6,046 shares of ConAgra Foods stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $33.22, for a total transaction of $200,848.12. Following the completion of the sale, the director now owns 89,260 shares of the company's stock, valued at approximately $2,965,217.20. The disclosure for this sale can be found here. American Century Companies Inc. now owns 6,177,203 shares of the company's stock worth $249,188,000 after buying an additional 753,028 shares during the last quarter.

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The value of the investment in ConAgra Brands, Inc. decreased from $8,597,000 to $7,431,000 decreasing 13.6% quarter to quarter. The Company sells branded and customized food products, as well as commercially branded foods.

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