Conagra Brands, Inc. (CAG) Trades at $35.86 Forming Double Top Pattern

June 29, 2018 - By Ronnie Lemelle

Conagra Brands, Inc. (NYSE:CAG) Corporate Logo

During Q1 2018 the big money sentiment increased to 0.82. That’s change of 0.04, from 2017Q4’s 0.78. 42 investors sold all, 210 reduced holdings as Conagra Brands, Inc. ratio improved. 146 grew holdings while 60 funds acquired holdings. Funds hold 286.92 million shares thus 4.99% less from 2017Q4’s 301.99 million shares.
Palisade Asset Mngmt Ltd Limited Liability Company has 36,100 shs for 0.2% of their capital. Georgia-based Suntrust Banks has invested 0.03% in Conagra Brands, Inc. (NYSE:CAG). Asset Management, a Michigan-based fund reported 24,418 shs. Optimum Investment Advsrs holds 0.01% of its capital in Conagra Brands, Inc. (NYSE:CAG) for 500 shs. Axa has 0.02% invested in Conagra Brands, Inc. (NYSE:CAG) for 137,611 shs. Advisor Prtn Ltd Liability Com, a California-based fund reported 13,248 shs. Amalgamated Natl Bank holds 0.05% or 47,831 shs in its capital. Oakworth Cap reported 0% stake. Walleye Trading stated it has 0.01% in Conagra Brands, Inc. (NYSE:CAG). Tiverton Asset Mngmt Ltd Llc reported 10,790 shs. Srb owns 5,758 shs. Fjarde Ap reported 122,839 shs or 0.07% of all its holdings. Qci Asset Inc New York holds 0% or 134 shs. Symons Mngmt stated it has 313,703 shs. Whittier owns 0% invested in Conagra Brands, Inc. (NYSE:CAG) for 832 shs.

Conagra Brands, Inc. registered $1.76 million net activity with 0 buys and 4 sales since January 4, 2018. BUTLER STEPHEN G sold $449,618 worth of stock or 12,092 shs. Shares for $216,810 were sold by MARSHALL RUTH ANN.

The double top chart pattern of Conagra Brands, Inc. (CAG) has $38.73 PT or 8.00 % above today’s $35.86 share price. The stock has $14.11B MC. Finviz.com reported this chart pattern on Jun, 29. At $38.73 stock PT, the company valuation changes by $1.13B more.

Ticker’s shares touched $35.86 during the last trading session after 0.08% change.Conagra Brands, Inc. has volume of 3.29M shares. Since June 29, 2017 CAG has declined 3.63% and is downtrending. The stock underperformed the S&P 500 by 16.20%.

On July, 5 Conagra Brands, Inc. (NYSE:CAG)’s earnings release is awaited by WallStreet, Faxor reports. Analysts have anticipation on stock’s EPS of $0.43. That’s up 16.22 % from last year’s $0.37 EPS. If $0.43 is reported, CAG’s profit will hit $169.22M for 20.85 P/E. Wall Street now predicts -29.51 % negative EPS growth despite Conagra Brands, Inc. last quarter’s EPS of $0.61.

Conagra Brands, Inc. (NYSE:CAG) Ratings Coverage

Total analysts of 6 have positions in Conagra Brands (NYSE:CAG) as follows: 5 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 83%. The firm has $4400 highest while $39 is the lowest target price. The average target $41.83 is 16.65% above the last ($35.86) price. Since March 23, 2018 according to StockzIntelligence Inc Conagra Brands has 6 analyst reports. In Friday, March 23 report UBS maintained the stock with “Neutral” rating. On Wednesday, June 27 the firm has “Buy” rating given by CFRA. On Tuesday, April 3 RBC Capital Markets maintained the shares of CAG in report with “Buy” rating. On Thursday, June 28 Citigroup maintained the shares of CAG in report with “Buy” rating. The company rating was maintained by JP Morgan on Friday, March 23. On Monday, April 2 the stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given by Jefferies.

For more Conagra Brands, Inc. (NYSE:CAG) news announced briefly go to: Seekingalpha.com, Seekingalpha.com, Finance.Yahoo.com, Businesswire.com or Seekingalpha.com. The titles are as follows: “Wall Street Breakfast: Oil Back Above $70” announced on June 27, 2018, “ConAgra Brands, Inc. (CAG) CEO Sean Connolly on Q4 2018 Results – Earnings Call Transcript” on June 28, 2018, “4 Consumer Goods Stocks to Add to Your Cart” with a publish date: June 28, 2018, “PINNACLE FOODS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC …” and the last “Stocks To Watch: More Trade Tiffs And Stress Tests” with publication date: June 23, 2018.

Conagra Brands, Inc. (NYSE:CAG) Institutional Investors Chart

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