British Columbia Investment Management Corp lowered its position in ConAgra Foods Inc. (NYSE:CAG) by 16.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,990 shares of the company’s stock after selling 31,515 shares during the period. British Columbia Investment Management Corp’s holdings in ConAgra Foods were worth $7,443,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. City Holding Co. boosted its position in shares of ConAgra Foods by 29.3% in the second quarter. City Holding Co. now owns 24,082 shares of the company’s stock valued at $1,151,000 after buying an additional 5,450 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of ConAgra Foods by 5.7% in the second quarter. Capstone Asset Management Co. now owns 39,489 shares of the company’s stock valued at $1,888,000 after buying an additional 2,125 shares during the last quarter. Grassi Investment Management boosted its position in shares of ConAgra Foods by 13.0% in the second quarter. Grassi Investment Management now owns 17,400 shares of the company’s stock valued at $832,000 after buying an additional 2,000 shares during the last quarter. First Financial Corp IN boosted its position in shares of ConAgra Foods by 558.1% in the second quarter. First Financial Corp IN now owns 37,368 shares of the company’s stock valued at $1,786,000 after buying an additional 31,690 shares during the last quarter. Finally, Palisade Asset Management LLC boosted its position in shares of ConAgra Foods by 82.2% in the second quarter. Palisade Asset Management LLC now owns 17,738 shares of the company’s stock valued at $848,000 after buying an additional 8,000 shares during the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

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

Shares of ConAgra Foods Inc. (NYSE:CAG) traded down 2.65% during trading on Wednesday, reaching $36.72. 2,276,606 shares of the company’s stock traded hands. ConAgra Foods Inc. has a 1-year low of $29.55 and a 1-year high of $38.02. The stock has a market capitalization of $16.07 billion, a PE ratio of 24.58 and a beta of 0.31. The company has a 50 day moving average price of $42.60 and a 200 day moving average price of $45.29.

ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Thursday, September 29th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.48 by $0.13. The company 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 firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. On average, equities analysts forecast that ConAgra Foods Inc. will post $1.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, October 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, October 27th. ConAgra Foods’s dividend payout ratio (DPR) is 66.67%.

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CAG has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of ConAgra Foods from $46.00 to $52.00 and gave the company a “hold” rating in a research report on Wednesday, October 19th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $42.00 target price (down previously from $54.00) on shares of ConAgra Foods in a research report on Sunday, November 13th. Bank of America Corp. reaffirmed a “buy” rating and issued a $52.00 target price on shares of ConAgra Foods in a research report on Monday, September 19th. Zacks Investment Research raised shares of ConAgra Foods from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, October 5th. Finally, TheStreet raised shares of ConAgra Foods from a “hold” rating to a “buy” rating in a research report on Thursday, September 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. ConAgra Foods currently 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.

5 Day Chart for NYSE:CAG

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