Marshall Wace North America L.P. boosted its position in shares of ConAgra Foods Inc. (NYSE:CAG) by 78.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 270,086 shares of the company’s stock after buying an additional 118,854 shares during the period. Marshall Wace North America L.P. owned 0.06% of ConAgra Foods worth $9,723,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank raised its stake in shares of ConAgra Foods by 0.9% in the first quarter. Huntington National Bank now owns 11,254 shares of the company’s stock worth $454,000 after buying an additional 103 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of ConAgra Foods by 3.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 74,416 shares of the company’s stock worth $3,002,000 after buying an additional 2,356 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of ConAgra Foods by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,091 shares of the company’s stock worth $418,000 after buying an additional 464 shares during the last quarter. Waldron LP purchased a new stake in shares of ConAgra Foods during the first quarter worth $216,000. Finally, Sigma Planning Corp raised its stake in shares of ConAgra Foods by 9.1% in the first quarter. Sigma Planning Corp now owns 7,389 shares of the company’s stock worth $298,000 after buying an additional 615 shares during the last quarter. Institutional investors and hedge funds own 77.33% of the company’s stock.

Shares of ConAgra Foods Inc. (NYSE:CAG) opened at 33.14 on Friday. ConAgra Foods Inc. has a 52 week low of $32.93 and a 52 week high of $48.86. The company’s 50-day moving average is $34.02 and its 200 day moving average is $37.93. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 22.70 and a beta of 0.32.

ConAgra Foods (NYSE:CAG) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share. Analysts anticipate that ConAgra Foods Inc. will post $1.86 EPS for the current fiscal year.

ConAgra Foods announced that its board has authorized a share buyback program on Thursday, June 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be paid a $0.2125 dividend. This is an increase from ConAgra Foods’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 27th. This represents a $0.85 annualized dividend and a dividend yield of 2.56%. ConAgra Foods’s dividend payout ratio (DPR) is presently 57.82%.

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A number of equities research analysts have recently weighed in on CAG shares. Zacks Investment Research lowered shares of ConAgra Foods from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. J P Morgan Chase & Co reduced their price objective on shares of ConAgra Foods from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, May 31st. Jefferies Group LLC restated a “buy” rating on shares of ConAgra Foods in a report on Friday, June 16th. Morgan Stanley restated an “overweight” rating and issued a $42.00 price objective (down from $43.00) on shares of ConAgra Foods in a report on Monday, June 26th. Finally, Bank of America Corporation restated a “buy” rating and issued a $43.00 price objective (down from $44.00) on shares of ConAgra Foods in a report on Monday, June 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. ConAgra Foods presently has an average rating of “Hold” and a consensus price target of $42.72.

In other ConAgra Foods 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 sale, the director now owns 89,260 shares in the company, valued at $2,965,217.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen G. Butler sold 5,848 shares of ConAgra Foods stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $35.80, for a total transaction of $209,358.40. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

ConAgra Foods Company Profile

Conagra Brands, Inc, formerly ConAgra Foods, Inc, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers.

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

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