Nisa Investment Advisors LLC Boosts Stake in ConAgra Foods Inc. (CAG)
Nisa Investment Advisors LLC boosted its position in ConAgra Foods Inc. (NYSE:CAG) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 212,157 shares of the company’s stock after buying an additional 3,400 shares during the period. Nisa Investment Advisors LLC’s holdings in ConAgra Foods were worth $9,995,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. purchased a new stake in shares of ConAgra Foods during the second quarter worth approximately $100,000. Stuart Chaussee & Associates Inc. boosted its position in shares of ConAgra Foods by 166.3% in the second quarter. Stuart Chaussee & Associates Inc. now owns 2,690 shares of the company’s stock worth $130,000 after buying an additional 1,680 shares during the last quarter. Financial Architects Inc boosted its position in shares of ConAgra Foods by 71.7% in the second quarter. Financial Architects Inc now owns 3,830 shares of the company’s stock worth $183,000 after buying an additional 1,600 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of ConAgra Foods during the second quarter worth about $194,000. Finally, InterOcean Capital LLC bought a new position in shares of ConAgra Foods during the second quarter worth about $201,000. Institutional investors own 74.61% of the company’s stock.
ConAgra Foods Inc. (NYSE:CAG) traded down 0.13% on Monday, hitting $37.66. The stock had a trading volume of 2,544,821 shares. The company has a market capitalization of $16.49 billion, a PE ratio of 25.21 and a beta of 0.31. The company has a 50 day moving average of $36.83 and a 200 day moving average of $36.17. ConAgra Foods Inc. has a 12-month low of $29.55 and a 12-month high of $38.02.
ConAgra Foods (NYSE:CAG) last issued its quarterly earnings results on Thursday, September 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.13. The business earned $2.67 billion during the quarter. ConAgra Foods had a return on equity of 28.48% and a net margin of 5.76%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. On average, equities analysts expect that ConAgra Foods Inc. will post $1.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, October 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, October 27th. ConAgra Foods’s dividend payout ratio (DPR) is currently 66.67%.
CAG has been the subject of a number of recent research reports. TheStreet raised ConAgra Foods from a “hold” rating to a “buy” rating in a report on Thursday, September 29th. Bank of America Corp. reissued a “buy” rating and issued a $52.00 target price on shares of ConAgra Foods in a report on Monday, September 19th. Jefferies Group reissued a “buy” rating and issued a $56.00 target price on shares of ConAgra Foods in a report on Thursday, October 13th. Zacks Investment Research raised ConAgra Foods from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, October 5th. Finally, Credit Suisse Group AG set a $50.00 target price on ConAgra Foods and gave the stock a “hold” rating in a report on Saturday, October 1st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.67.
ConAgra Foods Company Profile
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.
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