BNP Paribas Arbitrage SA boosted its stake in shares of ConAgra Foods Inc. (NYSE:CAG) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 241,537 shares of the company’s stock after buying an additional 22,326 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of ConAgra Foods worth $11,379,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CAG. Chevy Chase Trust Holdings Inc. boosted its stake in shares of ConAgra Foods by 1.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 373,564 shares of the company’s stock worth $17,860,000 after buying an additional 6,500 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of ConAgra Foods by 6.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 112,966 shares of the company’s stock worth $5,401,000 after buying an additional 7,266 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of ConAgra Foods by 4.8% in the second quarter. DNB Asset Management AS now owns 45,571 shares of the company’s stock worth $2,179,000 after buying an additional 2,100 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in shares of ConAgra Foods by 46.8% in the second quarter. Spirit of America Management Corp NY now owns 6,900 shares of the company’s stock worth $330,000 after buying an additional 2,200 shares in the last quarter. Finally, BlueMountain Capital Management LLC boosted its stake in shares of ConAgra Foods by 594.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,588 shares of the company’s stock worth $294,000 after buying an additional 5,640 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

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

ConAgra Foods Inc. (NYSE:CAG) opened at 36.80 on Friday. ConAgra Foods Inc. has a 1-year low of $29.55 and a 1-year high of $38.02. The firm’s 50-day moving average price is $36.48 and its 200 day moving average price is $36.05. The stock has a market cap of $16.11 billion, a PE ratio of 24.63 and a beta of 0.31.

ConAgra Foods (NYSE:CAG) last announced its earnings results on Thursday, September 29th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.48 by $0.13. The company had revenue of $2.67 billion for the quarter. ConAgra Foods had a return on equity of 28.48% and a net margin of 5.76%. ConAgra Foods’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. Equities research analysts expect that ConAgra Foods Inc. will post $1.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, October 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, October 27th. ConAgra Foods’s payout ratio is presently 66.67%.

A number of equities research analysts recently weighed in on CAG shares. Jefferies Group lifted their price objective on shares of ConAgra Foods from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Citigroup Inc. lifted their price objective on shares of ConAgra Foods from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, September 30th. TheStreet upgraded shares of ConAgra Foods from a “hold” rating to a “buy” rating in a research note on Thursday, September 29th. Stifel Nicolaus lifted their price objective on shares of ConAgra Foods from $46.00 to $52.00 and gave the company a “hold” rating in a research note on Wednesday, October 19th. Finally, Credit Suisse Group AG set a $50.00 price objective on shares of ConAgra Foods and gave the company a “hold” rating in a research note on Saturday, October 1st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $50.67.

About ConAgra Foods

ConAgra Foods, Inc operates as a packaged food company. The Company sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

5 Day Chart for NYSE:CAG

Receive News & Stock Ratings for ConAgra Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConAgra Foods Inc. and related stocks with our FREE daily email newsletter.