Economy

Analyst Research Roundup: GoDaddy Inc. (GDDY), Conagra Brands, Inc. (CAG)

In the most recent financial results released by Conagra Brands, Inc., for the quarter ending on 2017-08-31, the company posted EPS of 0.46.

When choosing stocks, many investors search for what Wall Street professionals think about the company first - like what the average rating is. Conagra Brands, Inc. (NYSE:CAG) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Numeric Investors LLC raised its stake in shares of Conagra Brands by 75.2% in the second quarter. Bank of Montreal Can acquired a new position in shares of ConAgra Foods during the second quarter worth about $37,051,000. Pictet Asset Management Ltd. now owns 431,537 shares of the company's stock worth $14,560,000 after buying an additional 16,100 shares during the last quarter. Victory Capital Management Inc. now owns 289,392 shares of the company's stock worth $9,764,000 after buying an additional 239,667 shares during the last quarter.

Eqis Capital Management Inc. grew its position in Conagra Brands Inc. Alliancebernstein L.P. lifted its position in Conagra Brands by 49.8% in the second quarter. AJO LP now owns 3,118,724 shares of the company's stock valued at $111,526,000 after acquiring an additional 2,754,930 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Conagra Brands by 10,072.6% in the second quarter. 500,511 shares of the company were exchanged. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CAG has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on Conagra Brands from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, September 25th. They noted that the move was a valuation call. Royal Bank Of Canada restated a "buy" rating and issued a $45.00 price objective on shares of Conagra Brands in a report on Friday, September 29th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Jefferies maintained Conagra Brands Inc (NYSE:CAG) on Wednesday, August 30 with "Buy" rating. Legal General Grp Inc Public Ltd Liability Corporation accumulated 2.14M shares.

TRADEMARK VIOLATION NOTICE: This article was published by TrueBlueTribune and is the property of of TrueBlueTribune. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/10/31/eqis-capital-management-inc-grows-holdings-in-conagra-brands-inc-cag.html. (NYSE:CAG) traded up 1.128% on Monday, reaching $33.855. (NYSE:CAG) traded up 1.29% during trading on Tuesday, hitting $48.68. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 24.60 and a beta of 0.31. Conagra Brands Inc. has a 1-year low of $32.16 and a 1-year high of $41.68.

This particular stock's 5-day moving average is 33.88, its 20-day moving average is 33.93 and its 100-day moving average is 34.62. The stock of Conagra Brands Inc (NYSE:CAG) has "Neutral" rating given on Thursday, February 25 by Goldman Sachs. During the same quarter a year ago, the firm earned $0.37 earnings per share. Conagra Brands, Inc. (CAG) has an operating margin of 11.60%. Alliancebernstein L.P. now owns 5,674,123 shares of the company's stock valued at $202,907,000 after acquiring an additional 1,886,614 shares during the last quarter. On the other hand, company insiders are holding 0.30%. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Conagra Brands's dividend payout ratio is now 60.28%.

The Details: Conagra Brands, Inc. The Firm operates through two divisions: Consumer Foods and Commercial Foods. The Firm sells branded and customized food products, as well as commercially branded foods.

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